How does antitrust law apply to government procurement?

Antitrust law in Washington applies to government procurement in various ways. The law seeks to prevent businesses from monopolizing government contracts or colluding to drive up prices and ensure that taxpayers get the best value for their money. The Sherman Antitrust Act is the primary tool used to protect competition and prevent businesses from forming cartels and monopolizing government contracts. The law prohibits any contract, combination, or conspiracy that would restrain trade and prohibits price-fixing. It aims to make it difficult for one business to dominate the marketplace. In addition, the Washington Antitrust Act prevents businesses from entering into agreements to restrain competition and sets forth rules for setting prices and other market restraints. This law also includes provisions to protect small businesses from unfair competition by larger businesses. The Washington Antitrust Law also contains specific provisions related to government contracts. This includes a prohibition on price manipulation and collusion when bidding on government contracts. Additionally, the law requires that state and local governments to ensure that competition is preserved when awarding contracts. By enforcing antitrust law, Washington is protecting its taxpayers from excessive prices and ensuring that businesses compete fairly. The law also protects small businesses by preventing large companies from using their size and financial resources to gain an unfair advantage over them.

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How does antitrust law apply to government procurement?

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