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United States antitrust law. United States antitrust law is a collection of federal and state government laws that regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers.
Any law or policy intended to oppose monopolies and other anti-competitive organizations or practices. Anti-monopoly policies are intended to regulate the market share an individual company can have in order to enforce competition. Proponents of anti-monopoly policies believe the added competition benefits the consumer, while opponents, notably Ayn Rand, argue that they encourage economic inefficiency and punish success. See also: Sherman Act, Clayton Act.