The essence of antitrust law is to prevent individuals or conglomerates of companies from forming a monopoly and resulting in excessively aggressive commercial strategies, and charging very high prices for products that they’re sole owners of. This is done by merging or collusion. Consumers will lose out when there is no competition that is healthy. They will pay for whatever is reasonable and have no alternative.

If you were to ask an antitrust attorney what kind of safeguards are in place, that lawyer will inform you of the Sherman Antitrust Act, the Federal Trade Commission Act, as well as the Clayton Antitrust Act. The laws stop businesses from becoming monopolies, by imposing large fines, up to imprisonment time.

The opinions on whether these actions help society are different from person to person, with some saying that they’re ineffective to being the most beneficial thing that the government has taken to stop Monopolies. kp6rputxws.