cRYPTO Glossary

Antitrust Law is a collection of laws that prohibits unfair competition or monopolistic practices by businesses.

Explanation of Specific Terms:

• Unfair competition: Practices that harm consumers or other businesses by undermining fair market competition.
• Monopolistic practices: Actions taken by a business to maintain or establish monopoly power in a market, potentially limiting competition and consumer choice.

Key Points for Beginners:

• Why it's important: Antitrust laws promote fair and open competition, which benefits consumers by fostering innovation, lower prices, and greater product diversity.
• How it works: Governments enforce antitrust laws to prevent monopolies, price-fixing conspiracies, bid-rigging, and other practices that harm competition and consumers.