Antitrust & Competition Micro News – Chapter 9 Review U.S. antitrust laws

1. Antitrust & Competition Micro News – Chapter 9 • Review U.S. antitrust laws • Discuss why the U.S. Supreme Court may have ruled to allow more competition in the credit card market • Explain why promoting competition may benefit consumers

2. Micro News – November 22, 2004 DOJ - Antitrust laws protect competition. Free and open competition benefits consumers by ensuring lower prices and new and better products.

3. Micro News – October 4, 2004 AMERICAN EXPRESS HAILS SUPREME COURT DECISION AS A VICTORY FOR OPEN COMPETITION AND CONSUMER CHOICE

4. MBNA rolls out American Express-branded cards NEW YORK — Credit card issuer MBNA on Friday began rolling out its new American Express-branded cards, a move that American Express chairman and chief executive Kenneth Chenault described as the first step in a "transformation in the payments industry in America." The introduction of the cards was delayed until the Supreme Court issued a final ruling in a federal antitrust case in which the Justice Department had accused the two biggest card associations in America, Visa USA and MasterCard International, of restraining competition. Micro News – November 5, 2004