What are antitrust laws for, when competition is normal with businesses?
In: 0
Competition is very much not normal with businesses. It is the easiest case to study and the most efficient kind of market, but many industries do not tend “naturally” towards competition. Instead, businesses realize that if they can combine and collude to the point where the market is *not* competitive, they can collect significantly higher profits. Antitrust laws (in theory) stop them from doing this.
Latest Answers