Antitrust
Antitrust refers to laws and regulations designed to promote competition and prevent unfair business practices that can harm consumers or the economy. These laws prohibit monopolies, where one company dominates a market, and anti-competitive behaviors, such as price-fixing or collusion. By maintaining a competitive marketplace, antitrust laws aim to ensure fair prices, more choices for consumers, and innovation. Enforcement is primarily handled by government agencies, like the Federal Trade Commission and the Department of Justice in the United States, which investigate and take action against companies that violate these laws.
Additional Insights
-
Antitrust refers to laws and regulations designed to promote competition and prevent monopolies in the marketplace. These laws aim to ensure that businesses compete fairly, which can lead to lower prices, better products, and innovation. When companies collude to fix prices or divide markets, or when one company becomes so dominant that it wipes out competition, antitrust authorities can step in to investigate and take action. The goal is to protect consumers and ensure a diverse and healthy economy.