What is the difference between antitrust laws and competition laws?

Antitrust laws and competition laws both regulate the actions of organizations, but they do so in different ways. Antitrust laws are meant to protect consumers by preventing companies from engaging in anti-competitive behavior. These laws generally prohibit practices that suppress competition or create monopolies, such as price-fixing, bid-rigging, and market-allocation. Antitrust laws also prohibit companies from colluding with each other to eliminate competition. Competition laws, on the other hand, are meant to promote healthy competition by regulating the behavior of organizations. These laws generally prohibit companies from engaging in practices that limit competition, such as exclusive contracts and tying arrangements. Competition laws also regulate the methods used to market products and services, as well as how companies interact with customers and other businesses. In Delaware, antitrust and competition laws are regulated by the Department of Justice and the Federal Trade Commission. The Department of Justice is responsible for investigating violations of antitrust laws, while the Federal Trade Commission is responsible for enforcing competition laws. Both agencies can bring legal action against companies that engage in anti-competitive or fraudulent behavior.

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What is the difference between antitrust laws and competition laws?

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