Introduction to Antitrust Laws
Antitrust laws are essential regulations designed to promote fair competition and prevent monopolistic practices in the marketplace. These laws protect consumers from unfair business practices such as price-fixing, bid-rigging, and anti-competitive m
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Presentation Transcript
Introduction to Antitrust Laws Ensuring Fair Competition in the Market Presented by: LDM Global
What are Antitrust Laws? Antitrust laws are regulations that promote fair competition and prevent monopolies. They protect consumers from price-fixing, bid-rigging, and anti-competitive mergers. Key objectives: Prevent unfair market dominance. Ensure a level playing field for businesses. Encourage innovation and fair pricing.
Major Antitrust Laws & Agencies Key Antitrust Laws: Sherman Act (1890): Prohibits monopolies and restrictive trade practices. Clayton Act (1914): Prevents anti-competitive mergers and price discrimination. Federal Trade Commission Act (1914): Establishes the FTC to enforce competition laws. Regulatory Agencies: United States: Federal Trade Commission (FTC) & Department of Justice (DOJ). European Union: European Commission (EC). Other Regions: Competition Commission of India (CCI), UK s Competition and Markets Authority (CMA), etc.
Why Antitrust Laws Matter? Protects Consumers: Prevents price-fixing and unfair pricing. Encourages Innovation: Ensures new businesses can compete fairly. Prevents Market Abuse: Restricts monopolistic and anti-competitive behavior. Promotes Economic Growth: Ensures a competitive marketplace for businesses.
