Anti-trust laws are legislation enacted to ensure fair competition, prevent monopolies, and restrict practices that restrain trade and commerce.
The Competition and Markets Authority is a UK government body responsible for protecting consumer interests, and ensuring businesses compete fairly, while promoting thriving economic markets.
The Competition and Markets Authority (CMA) is a regulatory body in the UK responsible for ensuring that competition law is enforced to maintain market fairness, protect consumers, and enhance business innovation.
The Office of Fair Trading (OFT) was a UK government department established in 1973 to enforce competition law and consumer protection regulations. It was abolished in 2014, and many of its functions were transferred to the Competition and Markets Authority (CMA).
Restraint of trade encompasses illegal practices that interfere with free competition in commercial transactions, which may restrict production, influence prices, or control the market to the detriment of consumers.
The Robinson-Patman Act is a federal law designed to prevent anticompetitive practices by producers, specifically price discrimination.
The Sherman Antitrust Act of 1890 was the first federal act that outlawed monopolistic business practices. Its purpose was to promote economic fairness and competitiveness and to curb concentrations of power that interfere with trade and reduce economic competition.
A mechanism instituted to protect domestic markets from unfair competition by imposing trade restrictions when the price of an imported commodity drops below a specified threshold.
