clayton antitrust act Definition | Business Dictionaries from AllBusiness.com

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clayton antitrust act

antitrust laws passed in 1914 as an amendment to the sherman antitrust act of 1890. The Act listed four illegal practices in restraint of competition. It outlawed price discrimination, tying contracts and exclusive dealerships, and horizontal mergers. It also outlawed interlocking directorates (the practice of having the same people serve as directors of two or more competing firms).

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