ANTITRUST LAW

antitrust  law.  1.  The  body  of  law  designed  to  protect  trade  and  commerce  from  restraints,

monopolies,  price-fixing,  and  price  discrimination.  •  The principal  federal antitrust laws are  the

Sherman Act (15 USCA §§ 1–7) and the Clayton Act (15 USCA §§ 12–27).

“As legislative history and case law both disclose, the general objective of the antitrust laws

is the maintenance of competition. Competition per se thus becomes a goal of the legal order. Yet,

competition  is  not  a  concept  which  defines  itself;  notions  about  the  desirability  of  competition

may shape judgments about how the law should apply, at least at its indistinct edges.” Lawrence A.

Sullivan, Handbook of the Law of Antitrust § 5, at 20 (1977).

2. (cap.) SHERMAN ANTITRUST ACT. [Blacks Law 8th]