Municipal Supervision and State Action Antitrust Immunity
نویسنده
چکیده
In 1890, Congress declared illegal every "contract, combination ... or conspiracy, in restraint of trade."2 Fifty years later, the Supreme Court recognized an exception as deceptively simple as the statute itself: "the Sherman Act . . . must be taken to be a prohibition of individual and not state action." Thus was born the state action doctrine, which effectively immunizes anticompetitive conduct by states from federal antitrust liability. 4
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