Question

The Standard Oil company was found in violation of antitrust law in 1911 and forced to break into 34 separate companies. Define antitrust law and describe how it protects competition.

Answer 1

The law by which we can't trust on the Oil companies & need one time check-up/ Test

Answer 2

Antitrust laws("competition laws") They are statutes developed by the U.S. Government to protect consumers from predatory business practices by ensuring that fair competition exists in an open-market economy.

Antitrust laws are applied to a wide range of questionable business activities, including but not limited to:

A) Market Allocation
B) Bid rixing
C) Price Fixing

Hope this helps!