Antitrust Laws

In: Business and Management

Submitted By nochsarath
Words 918
Pages 4
Antitrust Laws

After much research and investigations on Antitrust Laws, and reading up on individual cases, I think that overall Antitrust Laws are effective and good for the people. Without the Sherman, Clayton, and Federal Trade Commission Act, there would be a monopoly of every industry, trade, marketing, and services. This would in-turn lead to higher prices for the consumer, lower quality products, less innovation, and poor service. As I mentioned in my opening sentence, I will bring up two individual cases that the DOJ (Department of Justice) is pursuing when it comes to Antitrust Laws.

I would like to begin by quoting the DOJ’s mission statement.
Mission
“The mission of the Antitrust Division is to promote economic competition through enforcing and providing guidance on antitrust laws and principles.
Antitrust Laws
The goal of the antitrust laws is to protect economic freedom and opportunity by promoting free and fair competition in the marketplace.
Competition in a free market benefits American consumers through lower prices, better quality and greater choice. Competition provides businesses the opportunity to compete on price and quality, in an open market and on a level playing field, unhampered by anticompetitive restraints. Competition also tests and hardens American companies at home, the better to succeed abroad.
Federal antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade, such as price-fixing conspiracies, corporate mergers likely to reduce the competitive vigor of particular markets, and predatory acts designed to achieve or maintain monopoly power.” http://www.justice.gov/atr/about/mission.html

Although I would mostly agree with the Antitrust Laws, the two cases which I…...

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