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Preferred term

antitrust  

Definition

  • Antitrust laws in the United States were passed to limit the economic power of large corporations that can control markets by reducing competition through concentration or through the adoption of anticompetitive methods of competition. Large corporations are not simply passive responders to the impersonal forces of supply and demand over which they have no control. [Source: Encyclopedia of Business Ethics and Society; Antitrust Laws]

Entry terms

  • competition law

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URI

https://concepts.sagepub.com/social-science/concept/antitrust

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