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n. antitrust or competition laws are laws which prohibit anti-competitive or unfair business practices. The term "antitrust" derives from the U.S. law which was originally formulated to combat "business trusts". Most antitrust activity affects such areas as, Bid rigging, Monopolization and oligopolization, Price fixing, Tying
Vendor lock-in, Business, Competition. Predatory pricing, etc. Antitrust laws are meant to benefit the consumers from reduced prices, better product diversity, and thus more choice. Also antitrust laws save small companies and firms from being exploited by large companies with huge cash reserves and large lines of credit, using which they can stifle competition and put small market players out of business. Home
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