Antitrust Law in the United States of America

United States antitrust law is a collection of federal and state government laws that regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers. (the concept is called competition law in other English-speaking countries.) The main statutes are the Sherman Act 1890, the Clayton Act 1914 and the Federal Trade Commission Act 1914. These acts restrict the formation of cartels, the mergers and acquisitions that could substantially harm competition. and the abuse of dominant position.