ABSTRACT
Section7oftheClaytonAct(1914)finallybecameaneffective antitrustlawwhenthe"assetloophole"wasclosedbytheCellerKefauveramendmenttotheactin1950.Sincethattime,section7 hasgonethroughvariousphasesofenforcement,fromvigorous enforcementduringthe1960'stomorecautiousenforcement duringthe1980's.Agooddealofattentionhasbeendevotedto thelegislativeintent,landmarkcases,andearlierenforcementof section7sowewillnotdiscussthesemattersinanydetail. Insteadweexploresomeofthecausesandconsequencesofthe remarkableturnaboutinenforcementofsection7duringthe 1980's.
