Yes, competition is so good and normal for business that there are laws in order to protect it. Antitrust regulation aim to combat not competition but anticompetitive practices.
Some examples are companies colluding in order to keep prices high, which are, simply put, not competing.
Other examples may be dumping tactics, where a bigger company with deep pockets start to offer super cheap prices in order drive competitors into bankruptcy. Thus, the antitrust laws are there to ensure that all the players are actually competing and trying to offer better services, products and prices.
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