what are anti monopoly laws?

Answer 1

They are laws preventing a company from being the only supplier of a certain good or service, because in such a scenario, that company would be able to charge any price at all.

Answer 2

Anti Monopoly Laws

Answer 3

Anti-monopoly laws are anti-trust laws. They are called anti-trust laws because they date back to a time when to combine two companies, you had to do so using a legal vehicle called a trust (hence, anti-trust).

Anti-trust laws are STILL on the books and will remain on the books for the foreseeable feature. This is because monopolies distort commerce. Also, this is a reminder that we don't live in a free-market system but a regulated market system. if we lived in a true free-market system, we'd all be at the mercy of the biggest companies because it might very well be in their interest (and not the interest of the consumers) for the companies to combine and set prices as they want. Anti-trust laws are designed to prevent this.

The premiere US anit-trust law is the Sherman Antitrust Act (http://en.wikipedia.org/wiki/Sherman_Antitrust_Act). As an example, it was used it the late 1800s to prevent big oil companies from all combining into one big company. Imagine if we'd had one oil company since 1880s?

The Sherman Act provides: "Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal".[2] The Act also provides: "Every person who shall monopolize, or attempt to monopolize, or combine or conspire with any other person or persons, to monopolize any part of the trade or commerce among the several States, or with foreign nations, shall be deemed guilty of a felony

Answer 4

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RE:
what are anti monopoly laws?

Answer 5

With the polarization of our political parties, we conservatives have convinced ourselves that anti-monopoly and anti-trust are akin to anti-capitalism, which could not be farther from the truth. Part of the definition of healthy capitalism is a free market where prices are determined by the natural economics of supply and demand. When one or two super-corporations control a significant share of any market, even though they may be extremely well-run and honest businesses, without intent to dominate the market, consumers still suffer and we risk the fair price market that anti-trust laws were intended to preserve.

Answer 6

They are called anti trust, and have not been enforced for some time. People have complained about Reagan, but I have saw one major anti trust case filed since Clinton became President.

Answer 7

I don't think there is any anti-monopoly laws anymore.