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In the United States, antitrust law is a collection of mostly federal laws that govern the conduct and organization of businesses in order to promote economic competition and prevent unjustified monopolies. The three main U.S. antitrust statutes are the Sherman Act of 1890, the Clayton Act of 1914, and the Federal Trade Commission Act of 1914 ...
It is also known as antitrust law (or just antitrust [4]), anti-monopoly law, [1] and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. [5] The history of competition law reaches back to the Roman Empire.
Antitrust laws ensure businesses do not engage in competitive practices that harm other, usually smaller, businesses or consumers. These laws are formed to promote healthy competition within a free market by limiting the abuse of monopoly power.
The company, which maintains that it did not violate antitrust law, said in a January court filing that its browser agreements were "legitimate competition" and not "illicit exclusion."
Standard Oil (Refinery No. 1 in Cleveland, Ohio, pictured) was a major company broken up under United States antitrust laws.. The history of United States antitrust law is generally taken to begin with the Sherman Antitrust Act 1890, although some form of policy to regulate competition in the market economy has existed throughout the common law's history.
(Bloomberg Opinion) -- When U.S. antitrust laws were first written more than a hundred years ago, the word “data” had a slightly different meaning, referring mainly to facts and manually ...
International price fixing by private entities can be prosecuted under the antitrust laws of many countries. Examples of prosecuted international cartels are those that controlled the prices and output of lysine , citric acid , graphite electrodes , and bulk vitamins .
The U.S. Justice Department antitrust chief said on Friday that existent U.S. antitrust laws are "flexible enough" to address harm caused by technology companies, in the face of growing criticism ...