Anti-competition laws

Anti-competition laws are rules designed to promote fair business practices and prevent companies from engaging in activities that unfairly restrict competition. These laws prohibit behaviors like forming monopolies, fixing prices, dividing markets, or abusing market dominance, which can harm consumers by reducing choices and increasing prices. The goal is to ensure a competitive marketplace where businesses compete on quality and innovation, ultimately benefiting consumers and the economy. These laws are enforced by government agencies, and violations can lead to fines or other penalties.