Antitrust and Cartels

Antitrust laws are regulations designed to promote fair competition and prevent monopolies, where one company dominates the market. A cartel is a group of independent businesses that collude to control prices or limit production, effectively eliminating competition. This can lead to higher prices and fewer choices for consumers. Antitrust laws aim to detect and punish such anti-competitive behavior to ensure a fair marketplace, where businesses compete freely, ultimately benefiting consumers with better prices and services.