History of Europe

What antitrust laws promote greater efficiency and lower prices by protecting?

Antitrust laws promote greater efficiency and lower prices by protecting competition in the marketplace. They aim to prevent the concentration of market power in the hands of a few large companies, as this can lead to higher prices, reduced innovation, and less choice for consumers. By enforcing antitrust laws, the government ensures that there is sufficient competition among businesses to keep prices competitive and promote overall economic efficiency and consumer welfare.