USA400H1 Lecture Notes - Lecture 4: Rent-Seeking, Sherman Antitrust Act, Regulatory Capture
Document Summary
Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several states, or with foreign nations, is declared to bee illegal. Every person who shall monopolize, or attempt to monopoloze any part of the trade or commerce among the several statees, or with foreign nations, shall be deemeed guilty of a felony. Pareto optimality: when it is impossible to make one person better off without making someone else worse off.
