Because antitrust rules are well-known and deter monopolistic behavior, as well as because globalization has altered American thought, American views on antitrust policy have changed over the past few decades.
The antitrust laws generally forbid mergers and commercial practices that are illegal, leaving it up to the courts to determine which ones are on the basis of the specific facts of each case. From the era of horse-drawn carriages to the modern digital era, courts have applied antitrust rules to shifting marketplaces.
All agreements, alliances, and plots that excessively restrict domestic and international trade are prohibited under this Act. This involves agreements between rivals to fix pricing, rig bids, and allocate clients, all of which are considered felonies and subject to harsh penalties.
The global wealth gap between the rich and the poor is growing, which is negative for low-income consumers in particular and enriches the wealthy while further impoverishing the poor.
To learn more about antitrust laws
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