Learn about antitrust law’s focus on competition.
In this lesson, we’ll learn about antitrust’s foundational focus on competition.
I. Perfect Competition
In economics, a perfect market is one in which perfect competition exists. When there’s perfect competition, demand and supply for a particular good or service are equal at a prevailing price. In other words, if the price of a good is $10, every buyer who wants the good can have it at that price;...