Laws designed to prevent companies from fixing prices, sharing markets, and gaining unfair monopoly advantages are called ________.

Question

Quizplus · Accepted Answer

Antitrust (antimonopoly) laws are specifically designed to prevent companies from engaging in price-fixing, market allocation, and monopolistic practices that prevent competition in the marketplace. The aim of these laws is to promote competition and prevent the concentration of economic power in the hands of a few players, ultimately benefiting consumers and society as a whole. The other options - theocratic laws, political laws, and bilateral laws - do not relate to antitrust or monopolistic practices in any way.

Laws Designed to Prevent Companies from Fixing Prices, Sharing Markets