In the United States, there are various forms of economic oversight that are performed by the government. Sometimes the government will step in when they feel the need to encourage competition in a particular industry and to break up companies that have nearly complete control over a particular market. What is this called when the government initiates action against companies that appear to have too much power?

Respuesta :

Antitrust laws initiate action against companies that appear to have too much power.

Antitrust laws are rules that promote competition by restricting a firm's ability to dominate the market. This frequently entails dismantling monopolistic enterprises as well as making sure mergers and acquisitions don't excessively concentrate market power.

Additionally, cartels or groups of companies working together to restrict competition through tactics like price fixing are prohibited by antitrust laws. Antitrust law has developed into distinct legal expertise as a result of the difficulty in determining what actions may restrict competition.

Federal antitrust laws are currently enforced by the Federal Trade Commission, often in cooperation with the Department of Justice.

Learn more about antitrust laws here:

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