Answer
Antitrust laws prohibit certain actions between firms such as price fixing and any other form of cooperation between firms which hurt the concept of a competitive market and gives monopolistic power to the firms who practice such actions.
Work Step by Step
Antitrust laws prohibit certain actions between firms such as price fixing and any other form of cooperation between firms which hurt the concept of a competitive market and gives monopolistic power to the firms who practice such actions. Yet, these laws are controversial because, in some instances, the firm's behavior that appears to be for the purpose of reducing competition may, in fact, have other legitimate business purposes.
