What is the purpose of antitrust law?

The purpose of antitrust law is to promote competition and protect consumers in the marketplace. In Florida, antitrust law is designed to protect competition so that businesses do not monopolize markets or use unfair business tactics. This helps to ensure that consumers in the state have access to a wide variety of goods and services at competitive prices. Antitrust laws also prevent businesses from forming cartels that fix prices or limit output. These laws provide power to the Federal Trade Commission (FTC) and the Department of Justice (DOJ) to investigate suspected violations of antitrust laws. If the FTC or DOJ finds that a business has violated antitrust laws, they can take legal action such as fining the business or forcing it to stop its anti-competitive behavior. By encouraging competition, antitrust law helps to protect consumers from businesses that have too much power and prevents them from charging excessively high prices. This helps keep the market competitive and ensures that consumers have access to fair and affordable prices. Antitrust law also benefits businesses by preventing them from being unfairly disadvantaged by larger companies with more power.

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What is the purpose of antitrust law?

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