Antitrust law is used by governments to prevent market domination and ensure fair competition.
Antitrust law is a tool that governments can employ to prevent scenarios where a single firm dominates a market, leading to higher prices and reduced competition. These laws aim to promote fair competition by prohibiting practices such as monopolies and tight oligopolies. By enforcing antitrust laws, governments can prevent firms from engaging in anti-competitive behavior such as mergers that would increase market concentration.
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