Antitrust Law

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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.
References in periodicals archive ?
They call on national and EU competition authorities to tackle abuse of dominant position in this sector but also in distribution and trade, and to apply EU anti-trust legislation strictly.
The anti-trust legislation was approved despite heavy lobbying from the executives of the affected companies.
The trend was so pronounced as to provoke major public concern that led, in turn, to the adoption of serious anti-trust legislation which forced companies to be more responsible to share-holders and to evolve more transparent styles of accounting, ownership, and management.
Like all guidelines, these are not legally binding but will serve to give an idea of how the European Commission will assess these types of agreements with respect to EU anti-trust legislation.
The Lisbon Strategy was launched at the same time but it hasn't caught fire to the same degree as Mr Monti's overhaul of anti-trust legislation.