Competition and Antitrust Law: A Very Short Introduction

Competition is essential for prosperity, but can be challenging for producers and sellers. Antitrust and competition laws are in place to protect consumer welfare and ensure fair competition. This Very Short Introduction explores the promise and limitations of competitive market dynamics, considering the delicate relationship between a free market economy and government intervention.

\n Format: Paperback / softback
\n Length: 176 pages
\n Publication date: 22 July 2021
\n Publisher: Oxford University Press
\n

Competition plays a vital role in driving economic prosperity and fostering innovation. It brings about lower prices, improved quality, a wider range of choices, and a surge in creative solutions. While competition benefits consumers, it poses significant challenges for producers and sellers who must constantly strive to stay ahead. As a result, some sellers may resort to tactics to dampen the competitive process. To address these risks and protect consumer welfare, antitrust and competition laws are in place. These laws aim to prevent price-fixing cartels, challenge dominant companies that abuse their power, and monitor proposed mergers that could undermine effective competition.

Competition enforcers, responsible for enforcing these laws, must carefully balance the need for intervention with the preservation of the natural dynamics of competition. Drawing on case studies from the United States and the European Union, this Very Short Introduction explores the promise and limitations of competitive market dynamics. It examines the interplay between a free market economy and government intervention, as well as the fascinating forces of competition that shape modern society.

The Very Short Introductions series from Oxford University Press offers a comprehensive range of titles in nearly every subject area. These concise books are designed to provide a quick and accessible introduction to new topics, making them ideal for students, professionals, and anyone seeking to expand their knowledge. With expert authors, engaging writing, and up-to-date information, these books offer a valuable resource for anyone looking to gain a deeper understanding of complex subjects.

\n Weight: 140g\n
Dimension: 113 x 174 x 13 (mm)\n
ISBN-13: 9780198860303\n \n