This course introduces an overview of anti-trust issues. You will learn about anti-trust laws and what they prohibit, as well as the roles the Sherman Act, the Clayton Act, and the Federal Trade Commission Act played in the making of these laws. In addition, this course reviews the concept of bid-rigging and its various forms, all of which are illegal, and the concept of price fixing and how it looks in its various forms. You will learn about common price-fixing practices and how to avoid participating in these anti-trust violations. Then, this course introduces the concept of competitive intelligence, the legitimate sources of competitive intelligence that will keep you from violating anti-trust laws. The course also reviews how best to deal with customers and competitors fairly in a business setting. This course wraps up with a discussion of how best to deal with anti-trust violations, while also shedding light on their penalties. This course will assist you in being able to recognize per se violations, which are the most common type of violation. Finally, you will also learn about the acts that shaped the anti-trust laws pertaining to illegal pricing and negotiation prices.
At the conclusion of this course, you will be able to:
- Describe what anti-trust laws prohibit
- Describe the importance of the Sherman Act, Clayton Act, Robinson-Patman Act and Federal Trade Commission Act as they relate to anti-trust laws
- Define bid-rigging
- Describe forms of bid rigging
- Define price-fixing
- Describe price-fixing behavior
- Summarize five common price-fixing practices
- Identify legitimate sources of competitive intelligence
- Describe anti-trust violations pertaining to competitive intelligence
- Outline off-limits information- Define “independent action”
- Define “benchmarking”
- List the seven most common types of illegal pricing and negotiation practices
- Identify when different prices for the same product are acceptable
- Recognize anti-trust violations and know how to handle them properly
- Summarize what steps are taken when cooperating in an anti-trust investigation
- Differentiate between civil penalties and per se penalties
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