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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.
Definition. An amendment, passed by the U.S. Congress in 1914, meant to further promote competition in U.S. businesses and discourage the formation of monopolies. This act prohibited price discrimination, price fixing, and exclusive sales contracts.The act also legalized peaceful strikes and boycotts against companies.any top business companies in the communications industry have faced scrutiny due to the Clayton Antitrust Act when seeking to merge their companies in an effort to become the major player in their market. 2 people found this helpful.