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One reason is the general public interest, frequently this is in relationship to a natural monopoly. For example, how many sets of electric lines should be allowed to be strung all over town? If 10 competitors were all allowed to string their own lines, the city would be covered with wires and littered with poles.
The other reason such laws exist and are enforced is that some people want to limit others from competing with them. They have the money and political clout to get these laws passed. They set up "professional standards" that they make new entrants pass. They require long periods of employment in the industry before a person is allowed to set themselves up as competitors. The political rational usually given is "We need to protect the public from unqualified individuals" but the fact is that they want to protect their business from competitive pressures and have the resources to make it so.
What else can I help you with?
What are the laws that encourage competition in the marketplace called?
antitrust laws =)
Which is intended to protect competition?
anti-trust laws
What laws are designed to control monopoly power and to preserve and promote competition?
Antitrust or Antitrust Laws
What is the rule of competition?
The rule of competition refers to the principles and standards that govern how businesses interact and compete in a marketplace. It emphasizes fair practices, innovation, and consumer choice, ensuring that companies strive to improve their products and services while adhering to legal and ethical standards. This rule is often enforced through antitrust laws designed to prevent monopolies and promote healthy competition. Ultimately, it aims to foster a dynamic economic environment that benefits consumers and encourages economic growth.
How did monopolies trusts and holding companies affect big business?
Monopolies, trusts, and holding companies significantly shaped big business by consolidating market power and reducing competition. These entities allowed firms to control prices, limit production, and eliminate rivals, leading to increased profits for the dominant companies. However, their practices often resulted in public backlash and calls for regulation, as they could stifle innovation and harm consumers. Ultimately, these structures contributed to the creation of antitrust laws aimed at promoting fair competition in the marketplace.
Are illegals allowed to go to school in Mexico?
No, they have stringently enforced immigration laws.
What are enforced laws?
Laws that call for punishments or fines are 'enforced' laws.
Combining companies to limit competition and keep prices high?
Known as Monopoly. We have laws that restrict this...
How are laws passed and enforced in Algeria?
Laws are passed and enforced like they are in any part of the world.
Why isn't gun control enforced?
Most laws aren't enforced.
Are to be laws enforced?
A pending law will not be enforced until passed by whoever is in charge of pending laws. As soon as the law is passed, it will be put into effect and enforced. by deepika (m.b.b.s.)
How are laws enforced today?
The laws are enforced according to the votes. The bill(which contains the laws)is passed in the sabha. The council of ministers elect the best bill and the law which is written in the bill is passed. The bill which gets major votes is enforced.
How is Chinese law enforced in China?
Chinese laws are very strictly enforced in China, especially compared to North America. For example, in China couples are only allowed to have 1 child. If a couple has a second child they are forced to give the child up.
What president enforced miscegenation laws?
Lincoln
How are the laws enforced in new zealand?
With police.
Who enforced laws and taxes in Sparta?
Ephors
Who enforced British laws?
the british police.
