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Page 5 of 9 |
What are trade regulations? |
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Trade regulations are laws enacted by Congress and/or by a state to ensure a free and competitive economy. The ostensible purposes of the laws are to insure unrestrained competition amongst businesses so that the best prices, quality and resources will be provided to the general public. Most trade regulation laws aim at preventing the concentration of economic power among a few businesses in favor of free and open competition.
Congress has passed the Sherman Antitrust Act, the Wilson Act, the Clayton Act, the Robinson-Patman Act, and various other regulations regarding unfair competition. Additionally, states have enacted their own state antitrust laws to ensure free trade within the state. |
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