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Antitrust

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Antitrust Law’s History, Statutes, and Goal

Learn about antitrust law’s historical and statutory background and its goal of pushing markets toward perfect competition.

Transcript

In this lesson, we’ll learn about antitrust’s historical and statutory background and its policy of promoting consumer welfare through market competition. 

I.               Antitrust Policy

The goal of antitrust law is to push markets toward an ideal of perfect competition, even though most markets exhibit some degree of imperfect competition.

In general, antitrust law seeks to advance this policy of moving markets in the...