Question

The first objective of _____ is to protect American consumers by ensuring that they benefit from products and ideas produced by foreign competitors as well as by domestic competitors.

a. Antitrust laws
b. Intellectual property laws
c. Insurance laws
d. Indemnification laws
e. Incorporation laws

Answer 1

Answer:

The answer is A. Antitrust Laws.

Explanation:

Antitrust laws refer to the different laws that control the distribution made in terms of economic power related to business. These laws also allow healthy competition, as well as the economies, can grow. Antitrust laws are applied in most of the industries and sectors. They include manufacturing, transportation, distribution, as well as marketing.

Antitrust laws are in charge of prohibiting some business practices that could restrain trade. Some illegal practices include price-fixing conspiracies, corporate mergers, as well as predatory acts.  

Answer 2

Answer: ANTITRUST LAWS.

Explanation: Anti-trust laws in the United States are multiple related laws established by the state and federal government that conduct business organizations largely to promote competition amongst businesses and protect the interests of consumers.

These laws were established to stop organisations that are specialised in the extortion of consumers like monopoly, cartels, etc.