What are the different approaches to antitrust enforcement?
Antitrust enforcement is the legal action taken to protect consumers and businesses from monopolies, cartels, and other anti-competitive practices. In the state of California, both the state and federal governments are responsible for enforcing antitrust laws. At the federal level, the enforcement of antitrust laws is generally handled by the Department of Justice (DOJ) and the Federal Trade Commission (FTC). The DOJ enforces the Sherman Act, which prohibits any agreement or practice that would restrain trade in interstate commerce. The FTC enforces the Clayton Act, which prohibits anticompetitive mergers and acquisitions. At the state level, enforcement of antitrust laws is handled by the California Attorney General’s office. The California Attorney General’s office (CA AG) may pursue civil or criminal actions against those that violate the Cartwright Act, which prohibits anti-competitive practices within the state of California. The CA AG also enforces the Unfair Practices Act, which prohibits businesses from engaging in unfair or deceptive practices. Both state and federal antitrust laws are enforced through two approaches: civil enforcement and criminal enforcement. Civil enforcement involves a lawsuit in which the government seeks to impose fines or penalties on a business that is found to have engaged in anti-competitive practices. Criminal enforcement involves criminal prosecutions against individuals or businesses found to have violated antitrust laws.
Related FAQs
What is the difference between a monopoly and a cartel?What is the role of civil society in promoting antitrust enforcement?
What are the effects of horizontal mergers on competition?
What are the key concepts of antitrust law?
What is the role of the courts in antitrust enforcement?
How does antitrust law affect international trade?
Is antitrust law the same in all countries?
What is price-fixing and how is it illegal?
What kind of evidence is needed to prove an antitrust violation?
What is the relationship between antitrust law and freedom of speech?
Related Blog Posts
Understanding Antitrust Law – Important Basics for Businesses - July 31, 2023A Comprehensive Guide to Avoiding Antitrust Violations - August 7, 2023
How to Protect Your Business from Antitrust Claims - August 14, 2023
What You Should Know About Mergers and Antitrust Law - August 21, 2023
The Impact of Antitrust Law on Businesses - August 28, 2023