Pharm Law 5

intended to protect free trade from acts of buisnesses acting indivdiaully or together to unreasonably restrain trade.

• Section 1: outlaws felony: every contract, combination, or conspiracy in restraint of trade
• US supreme court: only thos contracts or agreements that unreasonably restrain trade.

• unlawful for company to monopolize or attempt to monopolize trade or commerce
• it is no illegal to have a monopoly or to try to achieve a monopoly positiion
• it IS ilegal to maintain or acquire a monopoly position through unreasonable methods.

boycott/ price fixing.

unreasonable methods are illegal

outlaws unfair methods of competition but does not define unfair.

prohibits mergers and acquisitions that may substanitally to lessen competition or to tend to create a monopoly.