Competition law
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Competition law, also known as antitrust law, is the field of law that promotes and maintains market competition by regulating anti-competitive conduct by companies.
Senatorial Round House by Thomas Nast, 1886
Cartel
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A cartel is a group of independent market participants who collaborate with each other and avoid competing with each other in order to improve their profits and dominate the market. They seek to limit
Competition law
…trusts. It is sometimes also known by reference to its functions, for example, as "anti-monopoly law". The aims of competition law are to combat economic cartels, prevent market abuse, regulate mergers and acquisitions, encourage innovation, protect consumers, and increase overall economic productivity. Competition…
Headquarters of the Rhenish-Westphalian Coal Syndicate, Germany (at times the best known cartel in the world), around 1910
The printing equipment company American Type Founders (ATF) explicitly states in its 1923 manual that its goal is to "discourage unhealthy competition" in the printing industry.