antitrust theory
Antitrust theory encompasses laws and policies designed to promote fair competition and prevent monopolies in the marketplace. The goal is to ensure that no single company dominates an industry to the detriment of consumers and innovation. This involves preventing anti-competitive practices like price-fixing, exclusive agreements, and mergers that reduce competition. By enforcing these laws, governments aim to create an environment where businesses can compete fairly, resulting in better prices, quality, and choices for consumers, ultimately fostering a healthy economy.
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Antitrust theory is a set of ideas aimed at promoting competition and preventing monopolies in the marketplace. It encourages businesses to compete fairly, which helps ensure consumers have choices, fair prices, and innovative products. Governments implement laws to prevent companies from unfairly dominating their industries through practices like price-fixing or merging to eliminate competition. The goal is to protect both consumers and smaller businesses, fostering an environment where competition can thrive, leading to economic growth and consumer welfare.