What is antitrust law?

Antitrust law is a set of laws created by Congress to protect consumers by preventing companies from acting as monopolies in the market. In Delaware, this law is enforced by the Federal Trade Commission (FTC) and the Department of Justice. Antitrust law is meant to create fair competition among businesses, protect consumer choice, and prevent businesses from forming cartels that create inflated prices. In Delaware, these antitrust laws are mostly enforced through courts which adjudicate the various antitrust claims for the purpose of determining whether a particular business practice is illegal. One example of an antitrust violation is price fixing, which is when two or more companies agree to fix the prices of goods or services instead of competing in a free market. Other violations include bid rigging and market allocation, which happens when two or more companies agree to divide up a market for their own profit, blocking out competitors. The Federal Trade Commission (FTC), with the help of the Department of Justice, enforces antitrust laws in Delaware. The FTC works to investigate businesses for possible antitrust violations, and if it is found that an antitrust violation has occurred, the FTC can take legal action against the offending business. The FTC also works to educate the public about antitrust law, as many people may not be aware of the law and its consequences.

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What is antitrust law?

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