The arcane topic of antitrust law is getting more attention with the U.S. govern...
- The arcane topic of antitrust law is getting more attention with the U.S. government gearing up to investigate whether Alphabet Inc’s Google, Facebook Inc, Apple Inc, and Amazon.com Inc compete fairly.
The following answers some questions about the basics of U.S. antitrust law and what regulators will focus on:A law from 1914, the Clayton Act, lets the government block mergers that would harm consumers. Facebook spokesman Nick Clegg, in his own op-ed, said, “In this competitive environment, it is hard to sustain the claim that Facebook is a monopoly.”
Finally, some software developers argue Apple has a monopoly on its app marketplace, and uses this power to demand hefty commissions and engage in other anticompetitive practices. Under current precedent, the Department of Justice and the FTC also need to show that consumers are being harmed, something that in recent decades has typically been measured by whether prices are going up and innovation is slowing.
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