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This Understanding treatise is designed to supplement any antitrust casebook. When the first edition was published over twenty years ago, the Supreme Court was in the midst of reshaping antitrust law to reflect its philosophy that it should adhere to the teachings of economics. The seventh edition of Understanding Antitrust and Its Economic Implications attempts to offer an accurate and balanced description of the current state of antitrust law as well as its historical foundations and the evolution of the law. Although the state of the law has remained much the same since the last edition, applications of it continue to evolve.
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