Quiz 33: Antitrust Law
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Effective antitrust law existed as part of the common law in the early days of the United States.
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Because the common law could not deal effectively with monopolies,the United States Congress enacted a comprehensive system of antitrust laws to limit anticompetitive behavior.
Although the federal government has enacted antitrust laws,most antitrust actions are brought under state law.
The federal antitrust statutes are narrowly defined to reflect the government's enforcement policy and to allow it to respond to economic,business,and technological changes.
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