What does antitrust law prohibit?

Antitrust law prohibits activities which are deemed to be anticompetitive and harm consumers. It is a type of law that is in place to protect consumers and businesses from unfair practices that could lead to a monopoly or cartel. In Nebraska, antitrust law prohibits certain activities such as price fixing, bid rigging, and market allocations between competitors. Price fixing is when two or more businesses agree to set a certain price for goods and services, without competition. Bid rigging is when two or more individuals or businesses collude to ensure the success of one of their bids. Market allocation is when competitors split the market for certain goods or services in order to eliminate competition. All of these activities are considered anticompetitive and are prohibited by antitrust law. Antitrust law also prohibits the formation of monopolies and cartels, which are when one or several companies control an entire industry, creating high prices for goods and services and eliminating competition. They can also decrease quality and customer service. Mergers between competing companies can also be monitored to ensure that it does not create an opportunity for anticompetitive practices. Unfair trade practices, such as predatory pricing, are also prohibited by antitrust law. Overall, antitrust law protects the public from anticompetitive practices that can harm both consumers and businesses. In Nebraska, antitrust law prohibits certain activities, such as price fixing, bid rigging, and market allocations, and works to ensure that companies do not engage in unfair trade practices that can harm consumers.

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What does antitrust law prohibit?

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