Federal statutes designed to regulate trade, maintain competition, and prevent monopolies.
Dissolution of any unit, organization, or group of organizations. An antitrust action by the Justice Department may result in the breakup of a large corporation into smaller companies if it is found to be in violation of antitrust laws.
An imperfect market is a market structure where individual producers and/or consumers have the power to influence the prices and quantities of goods and services. Unlike in a perfectly competitive market, where no participant can affect the market outcome, imperfect markets are characterized by various market failures such as monopolies, oligopolies, and other forms of market power.
A patent monopoly is a government-granted exclusive right to inventors and producers of innovative goods. It serves to encourage research and innovation by ensuring the producer will benefit financially from their successful new products.
Organizations such as utilities or cable television companies with exclusive public charters to operate within a given service area. Quasi-public corporations have essentially been granted by a governmental entity a monopoly to provide a service.
