The Pros And Cons Of Antitrust Laws

Decent Essays
A company’s success is determined by the functional areas of the business. However, competition is a necessary attribute in the economy. Firms competing against each other inspire new innovations, lower prices, better products or service. Sometimes companies are guilty of violating antitrust laws by exploiting the market and other unfair business practices, such as price fixing and bid rigging. Antitrust laws were established in 1890 to protect consumers from businesses forming monopolies and controlling the economy. To protect economic structures, anti-trust laws were enacted to preserve competition by restraining trade that created monopolies among industries. Consumers are harmed when rivals are knocked out of the market. In the mid

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