Antitrust Legislation (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 passed antitrust legislation to prevent large corporations from dominating the market and stifling competition.
- Antitrust legislation has been instrumental in promoting fair business practices and protecting consumers from price-fixing and other monopolistic behaviors.
- The company was fined heavily for violating antitrust legislation by engaging in predatory pricing and attempting to drive its competitors out of business.
- The purpose of antitrust legislation is to ensure that no single entity has too much control over a particular market or industry.
- The enforcement of antitrust legislation has led to the breakup of several large corporations that had become too powerful and were abusing their market dominance.