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.


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


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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Look at other dictionaries:

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  • 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

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  • 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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