Answer :
The laws aimed at preventing anti-competitive practice are termed "antitrust" because the laws were originally developed to combat cartels whose firms had placed their assets under the control of a board of trustees.
This statement is True.
In the United States, antitrust law is primarily a collection of federal laws governing corporate conduct and organization to promote competition and prevent unfair monopolies.
The Antitrust Act refers to restrictions on the concentration of economic power, particularly in relation to monopolies and other anti-competitive practices. Antitrust laws exist as both federal and state law.
Basically, these laws prohibit business practices that unfairly deprive consumers of competitive advantages and increase the price of products and services. The three most important federal antitrust laws are: Sherman Antitrust Law. Der Clayton-Act. Das Federal Trade Commission Act.
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