Antitrust law is a complex area of federal and state statutory law, the primary purpose of which is to prevent businesses from creating unjust monopolies or competing unfairly in the marketplace.
Antitrust law seeks to maximize market efficiency and to protect consumers.
Many specific actions are covered by these laws, including pricing policy, terms of trade, customer and territory selection, bundling of services, advertising and sales technology, and mergers and acquisitions. An experienced antitrust attorney who stays abreast of current developments in this area should be able to advise businesses on how to avoid antitrust problems. Antitrust Laws Monopolies A business has a monopoly in the market if it has such an advantage over all other businesses in that field that it is said to have economic control. The company with the monopoly may be the only manufacturer of a particular commodity, or it may provide a service in the community to virtually all consumers desiring the service. A natural monopoly is one over which the business has no control.