antitrust law

antitrust law
antitrust law UK US noun [C or U]
LAW a law that prevents companies from working together to control prices unfairly or to create a monopoly (= a single company or small group of companies that is the only supplier of something), or the area of law that deals with these things: »

Competitors who collude to fix prices would be breaking antitrust laws.

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The legal problems under antitrust law start when one company, or cooperative, conspires with another to move the market.

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Federal antitrust law prevents competitors in any field from setting prices

See also COMPETITION LAW(Cf. ↑competition law)

Financial and business terms. 2012.

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  • antitrust law — noun law intended to promote free competition in the market place by outlawing monopolies • Syn: ↑antitrust legislation • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑law …   Useful english dictionary

  • United States antitrust law — is the body of laws that prohibits anti competitive behavior (monopoly) and unfair business practices. These competition laws make illegal certain practices deemed to hurt businesses or consumers or both, or generally to violate standards of… …   Wikipedia

  • Merger doctrine (antitrust law) — In U.S. antitrust law, the phrase merger doctrine is used to broadly describe the approaches that courts have taken to address mergers between corporations which might tend to reduce competition and raise prices. More specifically, courts tend to …   Wikipedia

  • antitrust laws — Federal and state laws created to regulate trade and commerce by preventing unlawful restraints, price fixing, and monopolies. The laws are intended to promote healthy market competition and encourage the production of quality goods and services… …   Law dictionary

  • antitrust — an·ti·trust /ˌan tē trəst, ˌan ˌtī / adj: of, relating to, or being legislation against or opposition to business trusts or combinations; specif: consisting of laws to protect trade and commerce from unlawful restraints and monopolies or unfair… …   Law dictionary

  • law — / lȯ/ n [Old English lagu, of Scandinavian origin] 1: a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority: as a: a command or provision enacted by a legislature see also statute 1 b:… …   Law dictionary

  • antitrust acts — Federal and state statutes to protect trade and commerce from unlawful restraints, price discriminations, price fixing, and monopolies. Short Dictionary of (mostly American) Legal Terms and Abbreviations …   Law dictionary

  • antitrust act — noun against fair trade, against free commerce, against free mercantilism, against free trade, against open business, against open markets, contrary to good business Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

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