Milo Hoffmann
Search results
May 31, 2024 · Antitrust laws were designed to protect and promote competition within all sectors of the economy. The Sherman Act, the Federal Trade Commission Act, and the Clayton Act are the three pivotal...
In the United States and Canada, and to a lesser extent in the European Union, the modern law governing monopolies and economic competition is still known by its original name, "antitrust law". In most other countries, however, it is now called "competition law" or "anti-monopoly law".
May 2, 2022 · Learn what antitrust laws are, why they are important, and how they protect consumers from predatory business practices. Find out the types of illegal activities, such as market allocation, bid rigging, price fixing, and monopolies, that antitrust laws prohibit.
Learn about the three core federal antitrust laws: the Sherman Act, the FTC Act, and the Clayton Act. These laws prohibit unlawful mergers and business practices that harm competition and consumers.
It is also known as antitrust law (or just antitrust), anti-monopoly law, and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. The history of competition law reaches back to the Roman Empire.
The Competition Act is a generic competition law to protect consumers and businesses from anti-competitive practices of private entities. It has three prohibitions: anti-competitive agreements, abuse of dominant position, and mergers that substantially lessen competition.
This Guide to the Antitrust Laws contains a more in-depth discussion of competition issues for those with specific questions about the antitrust laws.
