Question

A shoe repair company starts buying out all the local shoe repair companies. Once it is the only shoe repair company in town, it sharply raises prices. This might be a violation of which of the following types of laws?
Regulatory
Patent
Antitrust
Supply and demand

Answer 1

Answer:

Antitrust

Explanation:

Antitrust laws are laws developed by the United States government as a way to protect consumers from predatory business practices. These laws allow the economy to remain open and ensure fair competition. Laws of this kind protect against a variety of questionable business activities, such as market allocation, bid rigging, price fixing, and monopolies.