It's critical to stay current on antitrust law in the United States as a business owner. The most up-to-date facts and legal changes will assist you in making business decisions and protecting yourself from antitrust claims. This article gives a summary of the law in the United States, as well as updates and revisions that have occurred recently. It's critical for selling owners to have a firm grasp on this complicated area of law. Continue to read with PowerPACplus.
The Definition Of Antitrust Law
Antitrust law protects competition in a free and open market economy, which is the bedrock of any thriving economy. In an open marketplace, healthy competition among sellers provides consumers with lower prices, higher quality products and services, more options, and greater innovation.
Antitrust law in the United States is a collection of mostly federal laws that govern the conduct and organization of business corporations and are generally intended to promote competition and prevent monopolies. The Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914 are the main statutes. These statutes serve three primary purposes.
See more: https://www.powerpacplus.org/en/how-do-you-know-about-antitrust-law-in-u-s/
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