Antitrust refers to laws and regulations designed to promote fair competition and prevent monopolistic practices in business.
Aimed at protecting consumers and ensuring market competition, antitrust laws prohibit activities such as price-fixing, bid-rigging, and other anti-competitive behaviors.
Government agencies, like the Federal Trade Commission (FTC) in the United States, enforce these laws, scrutinizing mergers and business practices to maintain a competitive marketplace. Antitrust measures seek to foster innovation, protect consumers, and maintain a level playing field for businesses.