What is the difference between antitrust laws and competition laws?

The main difference between antitrust laws and competition laws is the purpose of the laws. Antitrust laws are laws that are designed to protect consumers from unfair market practices, such as price fixing, collusion, and the creation of monopolies. The purpose of antitrust laws is to promote a competitive market and prevent any one company from having too much power in the market. In South Dakota, antitrust laws are enforced by the Office of the Attorney General. Competition laws, on the other hand, are laws that are designed to promote fair competition between businesses and protect consumers from deceptive practices. Competition law focuses on protecting competition – not businesses – by regulating how businesses interact in the market. Competition laws are enforced by the Federal Trade Commission. In conclusion, the main difference between antitrust laws and competition laws is the purpose of the laws. Antitrust laws protect consumers from unfair market practices and promote competition, while competition laws are designed to promote fair competition between businesses and protect consumers from deceptive practices.

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