What is an antitrust policy?
Antimonopoly substances policy is designed to affect the competition. The general objective of such policy is to maintain markets open and competitive. These regulations use different governments around the world, although laws often differ.
In most countries, antitrust policies are registered in the law. In the United States, they are mainly dealt with by the Federal Commission (FTC) and the antitrust division of the Ministry of Justice. In particular, FTC deals with consumer protection issues, while the antitrust division is generally responsible for violating criminal violations of antitrust policy. Most countries do not have two regulatory bodies, as seen in the US. For example, in Europe, the headquarters of the competition is the only government body that generally processes antitrust policy. It is common all over the world in terms of disputes concerning these policies dealing with the judicial body.
In the United States, thoughts of such policies after the Civil War began when Lardy GE began to appear in an importantH sectors such as oil and cotton. Concerns about the abuse led to the first policy of antitrust, known as Sherman Act. This legislation said that measures that limit trade or form monopolies are anti -Current and therefore illegal.
The law against the supplement continued to develop in the next century. During this time, legal legislation was adopted. In 1914, Clayton Act became law. This caused certain types of illegal mergers and providing some regulatory powers to a powerful branch. Congress also created FTC to balance this force.
When an antitrust policy is carried out or if there is an access to a violation, two things are usually considered - the public interest and interest of the economy. In the US, the evaluation is often based on the level of adequacy. Often there is a big debate on what Standards are used to determine where the action is disproportionate. The rules that afterThey are eating certain practices illegal on the basis of their nominal value. The way of analysis of antitrust policy and potentially violation of actions is also a matter of great debate.
Antimonopoly policies are limited to competition in the nation. However, forcing violations is more difficult when a criminal is in another nation. In many cases, the enforcement is only successful if a certain degree of cooperation between a nation claims to be violated and a nation that hosts a violating party.