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Mike Munger - What’s Wrong With Anti-Trust and Industrial Policy?

The Curious Task

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What's the Consumer Standard?

The anti trust laws in the us were largely, at first, used against unions. The sherman act went beyond that and had criminal penalties for having a structure that was monopoly or that tended towards monopoly. And so did you have some agreement where your downstream suppliers couldn't ely talked about sylvania? That's an example where you can't raise your price and then require that the retailers not charge a price y. Have to charge a price at least as high as you maintain, which is called resale price maintenance. So thet there were there a variety of complicated, per se illegal practices that might includeVertical purchases,. Not horizontal purchases, but vertical purchases, where you buy

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