Antitrust laws should promote consumer welfare from "summary" of The Antitrust Paradox by Robert Bork
Antitrust laws, at their core, are designed to protect competition in the marketplace. The primary goal of these laws should be to benefit consumers. When markets are competitive, consumers have more choices, better quality products, and lower prices. Therefore, the ultimate purpose of antitrust laws should be to promote consumer welfare by ensuring the existence of a competitive market.
By focusing on promoting consumer welfare, antitrust laws can effectively prevent harmful practices such as monopolies, price-fixing, and other forms of anti-competitive behavior. These practices not only harm consumers by limiting choices and raising prices but also stifle innovation and economic growth. When companies are able to freely compete in the market, consumers benefit from lower prices, higher quality products, and increased innovation.
It is essential for antitrust laws to prioritize cons...
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