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17 July, 07:05

In two or three sentences, describe how antitrust laws encourages competition

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  1. 17 July, 09:38
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    Antitrust laws prevent monopolies.

    A monopoly is a company or business that dominates a particular market to such an extent that there is no viable competition to that company.

    Since a monopoly does not have any other serious competition in a market, the monopoly is at greater liberty to charge higher prices and offer lower-quality prices.

    Antitrust laws break up or limit the size of monopolies, allowing other companies to enter a market.
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