Scherer, F.M. "The F.T.C., Oligopoly, and Shared Monopoly." HKS Faculty Research Working Paper Series RWP13-031, September 2013.

Abstract

This paper, written for a centennial commemoration of the founding of the U.S. Federal Trade Commision, reviews the history of two major cases tackling one of the most difficult problems in U.S. antitrust jurisprudence: the tetracycline case of the 1950s and 1960s and the suit against four (eventually three) breakfast cereal manufacturers in the 1970s.