Antitrust and Harm to Competition
Because we conclude that Apple violated Article 1 of the Sherman Act by orchestrating a horizontal conspiracy among the Publisher Defendants to raise ebook prices, and that the injunctive relief ordered by the district court is appropriately designed to guard against future anticompetitive conduct, the judgment of the district court is AFFIRMED.
—U.S. Court of Appeals, Second Circuit, in its decision on the case U.S. v. Apple, Inc.1
Learning Objectives
- 1.Describe benefits to society of competitive markets.
- 2.Interpret collusion among firms as anticompetitive harm.
- 3.State conditions under which competition foreclosure is harmful.
- 4.Describe profit-seeking in single-market and multimarket contexts. ...
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