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10 most extreme places on Earth. Competition law, also known as antitrust law, consists of laws that regulate anti-competitive conduct and thus attempt to promote market competition. European Union competition law and United States antitrust law are the most influential systems of this type of regulation.
United States antitrust law is a collection of federal and state government laws, which regulates the conduct and organization of business corporations, generally to promote fair competition for the benefit of consumers.t was followed by the Sherman Antitrust Act of 1890, the Clayton Antitrust Act of 1914 and the Federal Trade Commission Act of 1914, the Robinson-Patman Act of 1936, and the Celler-Kefauver Act of 1950. Indeed, at this time hundreds of small short-line railroads were being bought up and consolidated into giant systems.