anti-monopoly laws

Anti-monopoly laws, also known as antitrust laws, are regulations designed to promote competition and prevent monopolies in the market. Monopolies occur when a single company dominates a market, limiting choices for consumers and potentially leading to unfair prices and practices. These laws aim to prevent businesses from engaging in unfair practices, such as price-fixing, collusion, or merging to create a monopoly. By ensuring a competitive marketplace, anti-monopoly laws protect consumers' interests, encourage innovation, and promote economic fairness. Examples include the Sherman Act and the Clayton Act, which help regulate corporate behavior in various industries.