antitrust law
Competition protection regulation
Antitrust law is legislation designed to prevent monopolies and promote fair competition in business.
In the United States, the Sherman Act and Clayton Act are foundational antitrust laws that prohibit price-fixing, market allocation, and mergers that would substantially reduce competition.
The tech giant faces antitrust scrutiny over its acquisition.
Outside the U.S., similar legislation is often called competition law.
- bid riggingConspiring to fix auction outcomes
- Clayton ActFederal antitrust statute
- Standard OilHistoric petroleum monopoly
- unfair advantageUnearned competitive benefit
- price fixingIllegal coordinated rate-setting
price gouging · robber barons · consent decree · barriers to entry · level playing field · market power · breakup · FTC · Rockefeller · Microsoft · too big to fail · merger · enforcement · regulatory · remedy · horizontal · unfair · concentration
- lawlaw, lawyer, lawyers, attorney, attorneys
- legallawyer, judge, jury, trial, verdict
- lawslaws, statute, ordinance, acts, statutes
- legal fieldscivil law, criminal law, administrative law, common law, civil procedure
- legal systemsconstitutional law, judiciary, criminal code, court system, penal code
- US Lawattorney, lawyer, lawsuit, jury, federal court
antitrust lawderegulation
Removing governmental business restrictions
laissez-faire economics · non-interventionism · non-intervention · supply-side economics
antitrust lawmonopoly
One seller, no substitutes
cartel · market concentration · trust · corporate consolidation · oligopoly