Create a 16 page essay paper that discusses Have antitrust laws failed to safeguard the consumers from the implications of the megamergers.Antitrust policy has undergone incredible change over the twe

Create a 16 page essay paper that discusses Have antitrust laws failed to safeguard the consumers from the implications of the megamergers.

Antitrust policy has undergone incredible change over the twentieth century as the markets have. Nevertheless antitrust laws control how firms reach and sustain their market power, they do not prohibit monopoly. In this paper first I will discuss the main antitrust statutes regarding mergers, then I will illustrate how the interpretation of these statutes have changed over time. Finally I will look at the enforcement of antitrust and will demonstrate the cases in which antitrust laws prohibit the monopoly power. It is important to recognize that the majority of monopolies end up being destructive for the society, it is not always the case, thus we have to consider each event based on its own merits.

Antitrust refers to a body of laws that focus on discouraging the concentration of corporate power as exercised by few companies within specific industries. Essentially, these laws are crucial in prohibiting illegal business practices that at times deprive consumers the benefits associated with competition. As a result, consumers at times are charged higher prices for different products and services having inferior qualities. In the United States the federal antitrust laws are enforced by the Department of Justice (DoJ) and the Federal Trade Commission (FTC). In this case, antitrust policies originate from the belief that the size of the company determines its level of competition in relation to other smaller companies within the same market. For instance, there is belief that large companies grow on the platform that they restrain trade of their competitors. Such companies use their sheer sizes to harm the smaller competitors, therefore, the antitrust regulators are more vigilant on Mergers and Acquisitions (Areeda and Herbert 5).

There has been increasing attention towards research on various structures, control and cooperation between different firms that leads towards