s ways large businesses dominate the market , forming cartels and monopolies as well as collusion. It is impossible for any other company to enter the market, if a huge business controls it.
Some techniques companies will use to manage the market include two businesses will cut cities in half. Two firms can dominate the market half-way or combine in one entity. They typically have 30% of market share. Smaller companies typically hire an antitrust lawyer who will fight large corporations in the event of a dispute.
Collaborative agreements are also used by companies to make monopolies. Auctions and bidding is where businesses decide before hand who will get the contracts. This isn’t a fair contest since it has been established.
Three antitrust laws which protect businesses and consumers from monopolies are The Sherman Antitrust Act, The Federal Trade Commission Act as well as The Clayton Anti-Trust Act. Companies that violate these laws are required to be fined or serve in jail for. Antitrust lawyers can aid small and medium-sized companies take on these unfair practices.