Antitrust laws
Legislation established by the federal government to prevent the formation of monopolies and to regulate trade. | ||||
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Antitrust Laws Definition from Law Dictionaries & Glossaries
| Law Dictionary |
Antitrust laws
Statutes that promote free competition by outlawing such thingsas monopolies, price discrimination, and collaboration, for the purpose ofrestraint of trade, between two or more business enterprises in the samemarket. The two major U.S. antitrust laws are the Sherman Act and the ClaytonAct.
Statutes that promote free competition by outlawing such thingsas monopolies, price discrimination, and collaboration, for the purpose ofrestraint of trade, between two or more business enterprises in the samemarket. The two major U.S. antitrust laws are the Sherman Act and the ClaytonAct.
| Environmental Economics Glossary |
Antitrust Laws
Designed to promote open markets by limiting practices that reduce competition.
Designed to promote open markets by limiting practices that reduce competition.
Antitrust Laws Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Competition law
Competition law, known in the United States as antitrust law, has three main elements:
- It may prohibit agreements or practices that restrict free trading and competition between business entities. This includes in particular the repression of cartels.
- It may ban abusive behaviour by a firm dominating a market, or anti-competitive practices that tend to lead to such a dominant position. Practices controlled in this way may include predatory pricing, tying, price gouging, refusal to deal and many others.
- It may supervise the mergers and acquisitions of large corporations, including some joint ventures. Transactions that are considered to threaten the competitive process can be prohibited altogether, or approved subject to "remedies" such as an obligation to divest part of the merged business or to offer licences or access to facilities to enable other businesses to continue competing.
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