Authors libby rittenberg 842

government’s case against Visa and MasterCard illustrates one major theme of this chapter In this chapter we will examine some of the limits government imposes on the actions of private firms The first part of the chapter considers the effort by the U.S government to limit firms’ monopoly power and to encourage competition in the marketplace The second part looks at those policies in the context of the global economy We will also examine efforts to modify antitrust policy to make the U.S economy more competitive internationally In the third part of the chapter we will consider other types of business regulation, including those that seek to enhance worker and consumer safety, as well as deregulation efforts over the last 30 years [1] Eric Dash, “MasterCard Will Pay $1.8 Billion To a Rival,” New York Times, June 26, 2008, p C4; and United States vs Visa U.S.A., Inc., 344 F.3d 229 (2d Circuit 2003) 16.1 Antitrust Laws and Their Interpretation LEARNING OBJECTIVES Define antitrust policies and tell when and why they were introduced in the United States Discuss highlights in the history of antitrust policies in the United States, focusing on major issues Explain the guidelines the Justice Department uses in dealing with mergers Attributed to Libby Rittenberg and Timothy Tregarthen Saylor URL: http://www.saylor.org/books/ Saylor.org 842