in two to three sentences,describe how antitrust laws encourage competition

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31-10-2017
Social Studies

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in two to three sentences,describe how antitrust laws encourage competition

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dovefrosty90 dovefrosty90 · Answer 1 · 2017-10-31T03:43:04+01:00

Antitrust laws prevent monopolies.
A monopoly is a company or businesses that dominates a particular market to such an extent that there is no viable competition to that company.
A monopoly does not have any other serious competition in a market, the monopoly is 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.

XzeinaK XzeinaK · Answer 2 · 2021-01-27T19:45:45+01:00

Answer:

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; Antitrust laws prevent monopolies by breaking up or limiting monopolies' size, allowing other companies to enter a market.

Antitrust laws are needed because if a monopoly does not have any other serious competition in a market, they have greater liberty when it comes to prices and quality.

Explanation:

Reworded the other person's work as to better explain it.