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Antitrust Law
(redirected from Congressional Reform up to 1950)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia 0.01 sec.
Antitrust Law
Any law opposing trusts, monopolies, and other organizations or practices deemed to be anti-competitive. Antitrust laws especially refer to laws forbidding price-fixing contracts, price discrimination, and tying. Proponents of antitrust laws believe they increase competition, while opponents, notably Ayn Rand, argue that they encourage economic inefficiency and punish success. See also: Sherman Act, Clayton Act.


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