Antitrust Law deals with maintaining competition in private markets. The American antitrust and fair trade laws protect and promote competition in the free enterprise system. The goal is to shelter trade and commerce from price fixing, monopolies, etc., and to foster competition. Free competition benefits consumers through lower prices, better quality, and greater choice. Competition provides businesses the opportunity to compete on price and quality, in an open market & on a level playing field. These laws were designed to:
1 – restrict the formation of cartels and prohibit other collusive practices regarded as being in restraint of trade.
2 – they restrict the mergers and acquisitions of organizations which could substantially lessen competition.
3 – they prohibit the creation of a monopoly and the abuse of monopoly power. New York City Antitrust lawyers represent companies who try to preserve fair competition in a free enterprise marketplace.