+1 862 207 3288 There are three main elements present in the antitrust laws,which are mentioned as follows:
1. In order to restrict free trade and competition in the business, certain agreements and practices are prohibited. The domination of free trade that is caused by the cartels is particularly included in this.
2. The firms which dominate the market, their abusive behaviour needs to be banned, along with this there needs to be banning of the practices which are anti competitive in nature, and leads to a dominant position in the market. The practices which get controlled by the use of the antitrust laws are mentioned as follows:
• Tying
• Price gouging
• Predatory pricing
• Refusal to deal, etc.
3. The joint ventures and the large corporations that undergo a merger are supervised very closely. It can completely prohibit the transaction activities which lead to threat in the competitive processes. It even offers approved remedies, which acts as an obligation the merged businesses divest part, and in order to let the other businesses to continue in the completion it offers licences and provides facilities.
