Remember that marginal cost is the cost of producing one additional unit of output. Fortunately, the Department of Justice provides some further guidance: look for situations where the price of a good is in excess of the marginal cost of producing that good. How might you become involved in pursuing antitrust violations? Without knowing the provisions of these laws, it is hard to see how you could ever detect and report violations. In other countries, similar government agencies perform these same tasks. Īntitrust laws in the United States are principally codified in three acts of Congress-the Sherman Antitrust Act, the Clayton Act, and the Federal Trade Commission Act-and the Federal Trade Commission and the Department of Justice enforce each act. US Department of Justice, “Antitrust Enforcement and the Consumer,” accessed March 14, 2011. consumers and taxpayers, but also the U.S. The prices that result when competitors agree in these ways are artificially high such prices do not accurately reflect cost and therefore distort the allocation of society’s resources. When competitors agree to fix prices, rig bids, or allocate customers, consumers lose the benefits of competition. Essentially, these laws prohibit business practices that unreasonably deprive consumers of the benefits of competition, resulting in higher prices for inferior products and services… Most states have antitrust laws, and so does the federal government. Yet these laws have a direct impact on your day-to-day life because they can have a significant impact on the prices you pay for goods and services. You may have only a vague idea of what antitrust is. You may never have heard about antitrust laws. Who is harmed by the alleged violations? How are they harmed? See US Department of Justice, “Reporting Antitrust Concerns,” accessed March 14, 2011.What is your role in the situation in question?. Who are the major competitors that sell the product or provide the service?.What is the product or service affected by this conduct? Where is the product manufactured or sold, or where is the service provided?.Can you give examples of the conduct that you believe violates the antitrust laws? If so, please provide as much detail as possible.How do you believe they have violated the federal antitrust laws?.What are the names of companies, individuals, or organizations that are involved?.If you have information about a possible antitrust violation or potential anticompetitive activity, use the following questions as a guideline to describe your complaint: You have probably never considered working for the Department of Justice, yet here is a job opportunity open to everyone.
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