Question

In two to three sentences describe how antitrust laws encourage competition

Answer 1

Answer:

Anti-trust laws prevent monopolies from being formed, which encourages businesses to offer quality services at lower rates in order to compete with one another. Anti-trust laws help to protect consumers. Consumers are often offered lower rates when a business has competition in the area.

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Answer 2

The antitrust laws encourage increase competition by limiting the power of any specific firm in the market.

What is an antitrust law?

Antitrust laws are constructed by the government for fair business and trade practice.

The application of Antitrust laws is in business activities, including market allocation, bid rigging, price fixing, and monopolies.

Thus, the antitrust laws encourage increase competition by limiting the power of any specific firm in the market.

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