Antitrust laws are implemented by both federal and state governments to promote B. Competition among firms.
- Without these Antitrust laws implemented by governments, some companies will stifle competition and tend towards monopolies.
- Antitrust laws check collusion among market players who may engage in price fixing and other anti-competition practices against consumers.
- Particularly, these Antitrust laws frown on the formation of cartels and the concentration of economic power in fewer hands.
Thus, Antitrust laws are not implemented to promote price fixing, monopolies, or bid rigging but to promote competition.
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