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    https://en.wikipedia.org › wiki › United_States_antitrust_law

    United States antitrust law - Wikipedia

    • 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. Thes… See more

    Nomenclature

    In the United States and Canada, and to a lesser extent in the European Union, the modern law governing monopolies and economic competition is known by its original name — "antitrust law". The term "antitrust" c… See more

    History

    American antitrust law formally began in 1890 with the U.S. Congress's passage of the Sherman Act, although a few U.S. states had passed local antitrust laws during the preceding year. Using broad and general terms, the … See more

    Cartels and collusion

    Preventing collusion and cartels that act in restraint of trade is an essential task of antitrust law. It reflects the view that each business has a duty to act independently on the market, and so earn its profits solely by providin… See more

    Why are antitrust laws important?
    Yet for over 100 years, the antitrust laws have had the same basic objective: to protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up. Here is an overview of the three core federal antitrust laws.
    ftc.gov
    Wikipedia text under CC-BY-SA license

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