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Re: kokonutguy post# 154882

Thursday, 02/26/2009 5:13:35 PM

Thursday, February 26, 2009 5:13:35 PM

Post# of 326352
US Supreme Court: Antitrust
Top Home > Library > Law & Legal Issues > US Supreme CourtAntitrust law consists of a body of statutes, judicial decisions, and enforcement activities designed to check business activities posing a threat to free‐market competition. The core antitrust concern with competition reflects a fundamental belief that economic questions are generally best determined in the American economy through a process of independent, competitive decision-making by profit-seeking firms striving to serve customers who seek maximum satisfaction through their choices among market alternatives. Antitrust law aims to protect economic competition by prohibiting collusive, exclusionary, and monopolistic practices that restrain competition and thereby pose a danger of increased prices and reduced output, quality, and innovation. It contrasts with other forms of economic regulation that directly prescribe the number, rates, and service offerings of particular firms, for example, in “natural monopoly” settings where economies of scale are thought to preclude active multifirm competition.
http://www.answers.com/topic/antitrust