a means of intended to maintain and preserve business competition. Laws in the USA view economic competition as a condition in which fair prices can be determined through market forces without the interference from interests that would control them for private gain. Lawsuits brought against alleged violators of antitrust laws are called antitrust suits. definition of antitrust suits defined anti trust suit defined antitrust suit defined definition of antitrust defined antitrust laws defined antitrust laws defined
law intended to promote free competition in the market place by outlawing monopolies
The body of law that regulates and prohibits certain kinds of market behavior, such as monopoly and monopolistic practices. (p. 372)
A policy or action that seeks to curtail monopolistic powers within a market.
A law that regulates and prohibits certain kinds of market behavior, such as monopoly and monopolistic practices. While this type of law is continually evolving under the jurisdiction of the U.S. Department of Justice, there are three "big" pieces of legislation which provide the framework for its enforcement in the United State -- the Sherman Antitrust (1890), the Clayton Act (1914) and the Federal Trade Commission Act (1914).
Any law that encourages competition by limiting unfair business practices and curbing monopolies' power.