Class 11. Anticompetitive vs. Hypercompetitive Conduct
“I admit that it is difficult to define in legal language the precise line between lawful and unlawful combinations. This must be left for the courts to determine in each particular case. All that we, as lawmakers, can do is to declare general principles, and we can be assured that the courts will apply them so as to carry out the meaning of the law.”
Senator John Sherman

21 Cong.Rec. 2460 (March 21, 1890)

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