What is the purpose of antitrust legislation?

The purpose of antitrust legislation is to protect consumers and businesses by ensuring competition and fair prices in markets. It prevents large corporations from becoming monopolies and ensures that consumers have multiple options to choose from, thus preventing unfair price hikes. In California, antitrust laws are based on the federal Sherman Act, which was enacted in 1890. This act prohibits companies from conspiring to control prices and markets, from creating a monopoly, and from using their power to limit competition. Antitrust legislation also works to ensure that businesses are not acting in a way that is detrimental to competition. This includes preventing large companies from engaging in transactions that are meant to keep out smaller competitors, such as exclusive contracts or unfair pricing practices. The goal of antitrust legislation is to protect consumers and businesses by promoting competition and preventing anti-competitive behavior. It also works to prevent large corporations from controlling the market and raising prices to unfair levels. In California, the federal Sherman Act serves as the foundation for our antitrust laws and works to ensure fair competition and consumer protection.

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What is the purpose of antitrust legislation?

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