Both federal and state antitrust enforcement agencies stay busy identifying and prosecuting potential antitrust violations. The third misconception is that only top executives face any risk. Knowing the basics of antitrust law will help you avoid an inadvertent antitrust problem. Hire knowledgeable outside counsel. Robust Competition Antitrust laws are based on the idea that competition creates the largest choice of products and services, with the widest range of quality and price.
Laws keep competition robust by preventing unreasonable barriers to competition.
Agreements that restrain trade include price fixing, bid rigging, allocating customers or markets, and boycotting competitors or suppliers. It doesn't matter how big or small your business is, as certain agreements are illegal regardless of your justification. More importantly, they're criminal. Here, size and position in the market matter. Interestingly, even small businesses can dominate a market if the product is unique and the market is small.