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Running head: ANTI-TRUST AND MONOPOLIES Anti-Trust and Monopolies JoyLee Owings University of Phoenix Anti-Trust and Monopolies In 1890, the US Congress passed the Sherman Act. Further, the Clayton Act was enacted in 1912. This was followed by the Robinson-Patman Act of 1936. These antitrust laws prohibit agreements in restraint of trade, monopolization and attempted monopolization, anticompetitive mergers and tie-in schemes, and, in some circumstances, price discrimination in the sale of commodities. Thus, the goals of a free market controlled by individual choice and individual action were codified. Monopolies, cartels and discrimination were outlawed. Truly free markets mean more competition, more goods, more choices, lower prices and enhanced product quality. These are the result of individual initiative and Adam Smith's "invisible hand". It is often said that the goal of every vigorous competitor is to achieve a monopoly and reap the resulting profits. While this may be true, the antitrust laws are not intended to...

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