What are antitrust laws for, when competition is normal with businesses?

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What are antitrust laws for, when competition is normal with businesses?

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Anonymous 0 Comments

In some circumstances, there are barriers to entry. For example, where I live in NY, there is only one utility company (PSE&G). When you talk about the initial investment (poles and probably a million miles of cabling, substations, etc., as well as people to set it all up), it’s basically impossible for new competition to enter the market.

And, WHAT A SURPRISE, we have the most expensive residential electricity in the country. Antitrust laws attempt to stop things like this.

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