top antitrust law

Antitrust law, often referred to as competition law, is designed to promote fair competition and prevent monopolistic practices that can harm consumers and the economy. Its primary goal is to ensure a level playing field for businesses by prohibiting unlawful mergers, price-fixing, and other activities that restrict competition.

In greater detail, antitrust law encompasses several key statutes, including the Sherman Act, the Clayton Act, and the Federal Trade Commission Act in the United States. The Sherman Act, enacted in 1890, is the cornerstone of antitrust legislation and prohibits concerted actions that restrain trade and attempts to monopolize. The Clayton Act, passed in 1914, builds on the Sherman Act by addressing specific practices such as exclusive dealings, price discrimination, and mergers that may substantially lessen competition. The Federal Trade Commission Act established the Federal Trade Commission (FTC) to enforce antitrust laws and investigate unfair business practices. These laws are enforced by both the FTC and the Antitrust Division of the Department of Justice (DOJ). Antitrust law not only protects consumers from predatory business practices but also fosters innovation and efficiency by ensuring that new and smaller companies have the opportunity to compete in the marketplace.