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The antitrust law is basically a legal system that says we trust competitive markets. We’re not a communist society we’re a capitalist society. And in competitive markets, we don’t want private businesses getting together and agreeing not to compete. So we don’t want competitors fixing prices. We don’t want them fixing wages. We don’t want them engaging in conduct that prevents the consumers from making choices in the market place that tends to yield the lowest prices, it tends to yield the best allocation of money between parties, and it also tends to be the most efficient and productive to create jobs. So that’s what the antitrust laws do and in this country they’re enforced both criminally and civilly.
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New York antitrust and sports law attorney Jeffrey Kessler of Winston & Strawn explains antitrust law.