Chapter 17 - Antitrust Laws and Hotels Flashcards
1
Q
what is the Sherman act?
A
prohibits a contract, combination or conspiracy in restraint of trade or commerce
2
Q
what are the examples of per se violations?
A
1) horizontal price agreements: two or more competing hotels agreeing on what price to charge for rooms
2) group boycotts: two or more competing hotels agreeing not to buy supplies from a vendor
3
Q
what is Clayton act and the example of clayton act?
A
unfair methods of competition
unfair or deceptive acts or practices
