Antitrust Law (Noun)
Meaning
Law intended to promote free competition in the market place by outlawing monopolies.
Classification
Nouns denoting communicative processes and contents.
Examples
- The government has implemented strict antitrust laws to prevent large corporations from dominating the market and stifling competition.
- Antitrust laws are designed to promote fair business practices and protect consumers from price-fixing and other forms of anti-competitive behavior.
- The company was fined heavily for violating antitrust laws by engaging in predatory pricing and attempting to drive its competitors out of business.
- The proposed merger between the two tech giants has raised concerns about potential antitrust law violations and is currently under review by regulatory authorities.
- Enforcing antitrust laws is crucial to maintaining a level playing field and ensuring that small businesses and startups have a fair chance to compete in the market.