Anti-Monopoly Law

Anti-monopoly law, also known as antitrust law, is a set of regulations designed to promote competition and prevent unfair business practices. Its main purpose is to stop companies from becoming too powerful or dominating a market, which can lead to higher prices, reduced innovation, and fewer choices for consumers. These laws prohibit activities like price-fixing, monopolization, and anti-competitive mergers. By ensuring a competitive marketplace, anti-monopoly laws aim to protect consumer interests and foster economic fairness, benefiting both individuals and businesses in the long run.