A Business Guide To Antitrust For Credit Professionals

COMPETITION AND THE ANTITRUST LAWS

Competition creates significant consumer benefits including increased innovation, increased efficiency of companies making and selling products and services, greater variety and higher quality of goods and services, and lower prices.

The competitive process, left free of interference, makes life harder for businesses by increasing their uncertainty. That uncertainty forces suppliers to be more efficient and more creative to avoid losing business to competitors that are more efficient and more creative.

Antitrust laws protect consumers by protecting the competitive process from interference either by companies acting together to avoid having to compete or by individual companies with substantial market power of their own taking improper actions in order to avoid having to compete.