14. Antitrust
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FAQ
One example of a tie in arrangement includes if a real estate agent agrees to sell a property on the condition that the buyer lists the property with their firm. Another example is if a broker is selling a house but tells customers they must also buy an additional property to complete the sale.
Antitrust laws are state and federal laws designed to maintain and preserve business competition. These laws are based on the belief that free enterprise and healthy competition are good for individual consumers as well as the economy.
ANTITRUST LAWS Common examples of these violations include: "Price fixing" includes any agreement by competing vendors that establishes an agreed price or otherwise determines how the price will be set among those vendors. The agreement to fix the price may occur at the wholesale or the retail level.
Antitrust refers to the regulation of the concentration of economic power, particularly in regard to monopolies and other anticompetitive practices. Antitrust laws exist as both federal statutes and state statutes.
The goal of the antitrust laws is to protect economic freedom and opportunity by promoting free and fair competition in the marketplace. Competition in a free market benefits American consumers through lower prices, better quality and greater choice.
