Anti-Trust Legislation's Impact on Web-Based Businesses

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Consumers are protecting from companies charging ridiculously inflated prices just because they are the only option a consumer has. Of course, if there were more competitors in the market, the more power a consumer would have to go from one option to another. This power is missing when there is only one competitor. Thus, anti-trust laws ensure that consumers are not being taken advantage of by taking the potential to misuse the power out of the hands of monopolies.  
Consumers are protecting from companies charging ridiculously inflated prices just because they are the only option a consumer has. Of course, if there were more competitors in the market, the more power a consumer would have to go from one option to another. This power is missing when there is only one competitor. Thus, anti-trust laws ensure that consumers are not being taken advantage of by taking the potential to misuse the power out of the hands of monopolies.  
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An equal playing field is created with the enforcement of anti-trust laws which is essential. Businesses have the ability to run with an idea and not fear being unable to even enter the market because one company has all the power, all the customers and are rich enough to completely obliterate them. With these laws, all companies at the very least have a fair chance at success.

Revision as of 23:51, 15 November 2019

INTRODUCTION

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DEFINITION- WHAT IS ANTI-TRUST?

Anti-trust laws are also called competition laws, specifically in Canada. Their main purpose is to prevent large, influential businesses from becoming a monopoly that will restrict competition by taking over the entire industry. A company being a monopoly does not mean they are breaking the law. However, if they are a purposefully bulldozing through the other competitors then they are causing an unnatural shift in the market. Thus, anti-trust laws are in place to provide an equal playing field while also protecting consumers.

Consumers are protecting from companies charging ridiculously inflated prices just because they are the only option a consumer has. Of course, if there were more competitors in the market, the more power a consumer would have to go from one option to another. This power is missing when there is only one competitor. Thus, anti-trust laws ensure that consumers are not being taken advantage of by taking the potential to misuse the power out of the hands of monopolies.

An equal playing field is created with the enforcement of anti-trust laws which is essential. Businesses have the ability to run with an idea and not fear being unable to even enter the market because one company has all the power, all the customers and are rich enough to completely obliterate them. With these laws, all companies at the very least have a fair chance at success.


Price Rigging

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Bid Rigging

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Mergers & Acquisitions

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Monopolization

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SWOT ANALYSIS


Strengths

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Weaknesses

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Opportunities

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Threats

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History - Laws Timeline

Key Cases - Microsoft AT&T

Current Situation - Tech Giants Key Concerns (Interpretation & Enforcement)

Antitrust & IP - Patents Medicine Web Basics New Issues

What's next - Impact (pros/cons)

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