What is antitrust law?

Antitrust law is a set of laws in the United States that are designed to protect competition and preserve fair and open markets. In Nebraska, these laws are enforced by the Attorney General’s Office and the Federal Trade Commission. Antitrust laws are designed to protect competition by preventing large businesses from forming monopolies, forming cartels, and engaging in other practices that would restrict competition. For example, an agreement between two companies to set prices or divide markets between them is a violation of antitrust law. Antitrust law also seeks to protect consumers by preventing large companies from acquiring too much market power. This power can be used to raise prices, to reduce quality, or to decrease the variety of products available to consumers. In addition, antitrust law also provides a set of rules and standards that all businesses must follow. Examples include prohibiting deceptive marketing practices, requiring companies to rely on objective evidence when making decisions, and prohibiting false advertising. Finally, antitrust law also seeks to protect employees and small businesses by preventing large companies from forming agreements that could reduce wages or limit opportunities for small businesses to compete in the marketplace. By protecting competition and preserving fair and open markets, antitrust law promotes economic growth and helps to ensure that the economy is fair and equitable.

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What is antitrust law?

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