Created by Justice Edward White, FTP, identify this concept deals with the costs and benefits of legal actions that restrict trade.
This concept has been recently invoked in such cases as 1997's State Oil Co. v. Khan, which overturned a ban on vertical price fixing established in 1968's Albrecht v. Herald Co.; and in Microsoft's and American Tobacco's anti-trust cases.  First formulated in 1897 in dealing with the Sherman Antitrust Act of 1890, it was most famously invoked in the 1911 case Standard Oil v. U.S.  Created by Justice Edward White, FTP, identify this concept deals with the costs and benefits of legal actions that restrict trade.
This concept has been recently invoked in such cases as 1997's State Oil Co. v. Khan, which overturned a ban on vertical price fixing established in 1968's Albrecht v. Herald Co.; and in Microsoft's and American Tobacco's anti-trust cases.  
rule of reason