Anti-Trust Legislation and Sports

Antitrust lawsuits are brought against companies that are thought to maintain a monopoly in an industry because ôthe company has such dominance in its industry that it has the power to dictate prices and limit competition,ö (Shiver, & Helm, 1998, p. A1). A monopoly is often classified as being ôhostile to the public interest,ö because it limits competition, results in high prices, and generally controls its product or services without permitting fair competition, (Whittam Smith, 1998, p. 4).

The application of monopoly and anti-trust legislation and law can be seen in a recent lawsuit against the National Collegiate Athletic Association (NCAA). In a lawsuit filed earlier this year by the National Invitation Tournament (NIT) against the NCAA, the NIT sued the NCAA claiming it was in violation of anti-trust legislation, claiming the NCAA Basketball Tournament ôrepresents an illegal monopoly,ö (Wolverto

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Approximate Word count = 696
Approximate Pages = 3 (250 words per page)

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