From what i understand these are laws that stop corporations from having a monopoly of whatever business there in. Is this right? So what do they do if a corporation has a monopoly, and how do they determine if its a monopoly?
Also, do antitrust laws apply to privately owned companies? If i had a privately owned company could i legally monopolize everything?
2007-08-12 14:02:28 · 1 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
A monopoly is not illegal per-se. Using unfair business practices to become a monopoly is what's illegal.
Using innovation to develop a new market would make the company a de facto monopoly but there is nothing illegal about that. Patent law would guarantee them a monopoly for a number of years.
Anti-trust laws apply to all companies.
2007-08-13 00:23:14 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋