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Research the recent history of the federal government's assertion that FAANG should be charged with antitrust...

Research the recent history of the federal government's assertion that FAANG should be charged with antitrust violations and discuss your concept of antitrust as a crime in light of the accusations. Should intent be a necessary element of antitrust violation? In light of current events, should prosecuting these companies for antitrust still be a concern?

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Expert Solution

FAANG stocks are generally accused of violations of antitrust laws and they are paying lesser amount of taxes so governments are always trying to to regulate them in relation to antitrust laws so that they can pay higher amount of taxes to the government because cases like Amazon which is leading in the electronic commerce and which is the leading American conglomerate is more often accused that it is violating federal antitrust law by monopolising the online retail market place through agreement with third party sellers.

Antitrust regulations are those regulations which are regulating the trade and commerce and protecting market from abusive practices such as fixation of price and discrimination of price and monopolization so they can protect the interest of various stakeholders and help in unstable development of economy.they are aiming at protection of economic freedom and opportunity by promoting free and fair competition in the market place.

Intent should be made a necessary element of antitrust policy because any company which is intending to abuse the authority and they are engaged in practices like price fixation sand price discrimination along with monopolization should be charged with antitrust laws.

Prosecution of these companies are often a matter of concern because they are highly market capitalised company and they are leading company of United States of America so they cannot be easily prosecuted but there should be appropriate measure which should be regularly taken in order to to maintain share market priceprice and protect other players from price discrimination so that the goal of protection of economic freedom and opportunity by promoting free and fair competition in the market place can be established.

jeff jeffy answered 2 years ago
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