Federal Antitrust Policy
Federal antitrust policy refers to the laws and regulations put in place by the government to promote fair competition and prevent monopolies in the marketplace. These policies are designed to protect consumers and ensure that businesses operate in a competitive environment.
One example of federal antitrust policy is the Sherman Antitrust Act, which was passed in 1890. This act prohibits certain business practices that restrict competition, such as price-fixing and the formation of monopolies. Another example is the Clayton Antitrust Act, which was passed in 1914 and further strengthened antitrust regulations.
Enforcement of federal antitrust policy is typically carried out by the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice. These agencies investigate and prosecute violations of antitrust laws, such as mergers that would substantially lessen competition in a particular market.
Overall, federal antitrust policy plays a crucial role in ensuring a level playing field for businesses and protecting consumers from anti-competitive practices.
Reference: Learn more about Antitrust Law on Wikipedia