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Basically there are three (3) main laws, a brief summary:

  • The Sherman Antitrust Act is set forth with the intent to prevent unreasonable contract, combination or conspiracy in restraint of trade, and monopolization attempted monopolization or conspiracy or combination to monopolize. Violations against the Sherman Antitrust Act can have severe consequences, with fines of up to $100 million for corporations and $1 million for individuals, as well as prison terms up to 10 years.

     
  • The Federal Trade Commission Act bans "unfair methods of competition" and "unfair or deceptive acts or practices." According to the Supreme Court, violations of the Sherman Antitrust Act also violate the Federal Trade Commission Act. Therefore, even though the FTC cannot technically enforce the Sherman Antitrust Act, it can bring cases under the FTC Act against violations of the Sherman Antitrust Act.

     
  • The Clayton Antitrust Act addresses specific practices that the Sherman Antitrust Act may not address. According to the FTC, which includes the prevention of mergers and acquisitions that may "substantially lessen competition or tend to create a monopoly "preventing discriminatory prices, services and allowances in dealings between merchants, requiring large firms to notify the government of possible mergers and acquisitions, and imbuing private parties with the right to sue for triple damages when they have been harmed by conduct that violates the Sherman and Clayton acts, as well as allowing the victims to obtain court orders to prohibit further future transgressions.

Source based: Investopedia

 

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