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From The Law of Healthcare Administration 8th Edition (2012) by Showalter - Chapter 12 1.The first...

From The Law of Healthcare Administration 8th Edition (2012) by Showalter - Chapter 12

1.The first competition law statutes in the United States were the Sherman Antitrust Act (1890) and the Clayton and Federal Trade Commission (FTC) acts (both 1914). What are major distinctions between the Sherman, FTC, and Clayton Acts?

2/ Why is a case like In the Matter of Evanston not likely to arise often in the future?

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Answer #1

The Sherman Antitrust Act was the foundation of having a fair market, where businesses are conducted under fair policies, so that no two or more businesses can combine together and have monopoly over the market and also to make sure the market stays competitive. But in the Sherman Act, there was no set of guidelines given for laborers and consumers.The only set of guidelines were for business owners.

However, the Clayton act was introduced as an extension to the Sherman act and laid more guidelines in reference to the labours so that they can also be a part of the system to make sure fair market practices are conducted. This defined the guidelines along with examples of how companies can work in different sectors and be indulged in ethical business activities.

A further extension was the Federal Trade COmmission ACT, which defined the guidelines for Businesses, labours and also consumers, so that businesses as whole can be done ethically, legally and fairly considering all the stakeholders. A further set of rights and responsibilities were defined so that everyone is safe and knows their obligations towards fair trade practices, especially focussing upon consumers and their legal rights.

2.) The Case like Evanston is unlikely to happen in future because now there are specific set rules and guidelines on which FTC is very strict considering mergers and acquisitions. Now the businesses have to follow so many rules and fulfill so many prerequisites before a merger that issues like these are unlikely to arise.

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