what is your opinion on anti-trust laws?

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Expert Solution

Antitrust laws, also referred to as "competition laws," are statutes developed by the U.S. Government to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy.These laws have evolved along with the market, vigilantly guarding against would-be monopolies and disruptions to the productive ebb and flow of competition as anti trust laws seek to stop price and bid rigging, monopolization, and anti-competitive mergers and acquisitions.

But in otherwise it was limiting competition in the market as i regulating and restrict business activities, including pricing, production, product lines, and mergers, ostensibly in order to prevent monopolies and stimulate competition.It restricts innovation and risk taking abilities of the companies in this free market system.

So, Partial anti trust laws should be present to maximize consumer welfare and healthy competition in the free market system as its helps to innovation and new policies and ideas for their maximization of output which serve better to the people.

Rahul Sunny answered 1 year ago

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