What is the difference between antitrust laws and competition laws?

Antitrust laws and competition laws are both designed to regulate business practices in order to protect competition and promote consumer welfare. The primary difference between antitrust and competition laws is the scope of the regulation. Antitrust laws refer to a broad set of regulations that are intended to prevent businesses from engaging in monopolistic or cartel-like behavior that would hinder market competition. These laws prevent companies from forming mergers or cartels, or engaging in price-fixing, territorial-divisions, or rigging bids. In Oklahoma, the primary source of antitrust regulation is the Oklahoma Antitrust Act. Competition laws, on the other hand, are narrower in scope and focus on prohibiting specific practices that are deemed to be anti-competitive. Competition laws prohibit activities that suppress or harm pro-competitive activities, such as exclusive dealing, price discrimination, and the abuse of a dominant market position. In Oklahoma, the primary source of competition law is the Oklahoma Unfair Sales Act. Both antitrust and competition laws are important for ensuring that businesses compete fairly and that consumers receive the best possible prices, products, and services. Adherence to these laws ensures that businesses don’t take advantage of consumers or other businesses through unfair practices.

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What is the difference between antitrust laws and competition laws?

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