Waysin Which Protect Consumers
Antitrustlaws are laws stipulated to protect consumers by crafting areasonable bazaar. These laws safeguards consumers from exploitationby making sure that there is no any sole corporate that dominates amarket and use that dominance to take advantage of consumers. They doso through limiting monopolies (Lawteryx, n.d). Moreover, these lawsprotect the people from falsification of prices and hazardouscommodities. This paper looks at how these laws protect consumers,if the same laws can protect business owner or not and any concernsarising if an individual tries to buy a business from theircompetitors.
Antitrustlaws protect consumers through many ways. These laws ensure thatconsumers are not charged unfairly while buying products or servicesby regulating the prices. This means that companies will not fix theprice of their goods or services as they wish since these laws willsafeguard the consumer. These laws do not only safeguard regulationof prices as a protection measure to the consumer, they as well limitmonopolies (Lawteryx, n.d). This ensures that no single entity cancontrol the market due to monopolization. Antitrust laws as wellensure that consumers get safe products and services from companiesby standardization of goods and services. They make sure that theproducts and services offered by companies are thoroughly checked forthem to be at the right standards so as not to harm the public. Inmost cases, antitrust laws do not protect business owners, they onlyprotect consumer needs.According to these laws, there are no majorconcerns if one wants to buy a business belonging to his/hercompetitor as long as the right protocol is followed (Lawteryx, n.d).
Lawteryx,(n.d). HowAntitrust Laws Protect Consumers – and What to do When they Do not.Retrieved From, http://www.lawteryx.com/knowledge-center/how-antitrust-laws-protect-consumers-and-what-to-do-when-they-do-not.html[Accessed on August 13, 2014].