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- Antitrust laws regulate the concentration of economic power to prevent companies from price colluding or creating monopolies. Proponents of antitrust laws argue that they keep consumer prices lower and foster innovation through increased competition. Critics say antitrust regulations intervene in the free market and reduce efficiency.
www.investopedia.com/terms/a/antitrust.aspAntitrust Laws: What They Are, How They Work, Major Examples
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May 31, 2024 · Antitrust laws regulate the concentration of economic power to prevent companies from price colluding or creating monopolies.
Why Antitrust Law Should Protect Consumers First. The “dean of American antitrust law” weighs in on building better policy and the fallacy of targeting big business in defense of the little guy. Herbert Hovenkamp. Knowledge at Wharton: Q&A.
Oct 20, 2020 · We asked Prof. Fiona Scott Morton, former chief economist for the Justice Department’s Antitrust Division and the founder of the Thurman Arnold Project at Yale, to explain why antitrust violations are bad for consumers and how the government can respond.
- Fiona M. Scott Morton
Oct 1, 2024 · In the antitrust realm, the Chicago school argues that if prices are low, and markets are efficient and offer many products, consumers are protected even when monopolies prevail.
Feb 14, 2022 · In this paper, we explain why digital platforms are largely immune to traditional antitrust measures. Then, drawing on our previous work on trust in business ecosystems, we advocate considering the problem through the lens of trust.
The antitrust laws proscribe unlawful mergers and business practices in general terms, leaving courts to decide which ones are illegal based on the facts of each case. Courts have applied the antitrust laws to changing markets, from a time of horse and buggies to the present digital age.
Mar 19, 2024 · Why are antitrust laws important? Antitrust laws are important because they protect consumers from price collusion, unfair business practices, and monopolies. They promote competition, which leads to lower prices, better quality products and services, and increased innovation.