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Christopher Yoo, May 13, 2014
The issues in antitrust law have long had a timeless quality. Although the legal doctrine and the economic theory underlying them have changed over time, the fundamental issues of cartels, vertical exclusion, market definition, oligopoly pricing, and monopolization that were the focus of antitrust policy when the Federal Trade Commissions was first created continued to be the central focus of the agency’s activities during most of its history.
Over the past few decades, however, certain issues have arisen that have begun to raise concerns that are quite different from those that dominated the FTC’s first century. Two of the most significant changes are globalization and the growing importance of technology.