What is Anti-monopoly or Antitrust Law?

Monopolizing the market was said to be the chief allegation that was accused against the Microsoft Corporation. However, what does it mean to say that a particular company or corporation does abuse its monopoly power? Monopoly of market pertains to the situation wherein one company or corporation has the full access to advertise and sell its products.

This monopoly of the market can take place either when there is no other company or corporation that can offer the same products that the monopolizing corporation offers or when the monopolizing corporation implements and exercises business and market strategies that tend to restrict the competition in the market (i. e. making a package deal that includes a product that is exclusive to the corporation and another product that can also be bought in other companies or corporations). (Hartman)

Anti-trust Law is a law endorsed by the national and different state governments to control commerce and trade by thwarting illegal fetters, fixing of prices, and monopolies, to uphold competition, and to give confidence with the manufacture of quality goods and services at the cheapest costs, with the principal objective of protecting the welfare of the public by guaranteeing that customers’ demands will be achieved by the production and marketing of goods at reasonable prices. (Hylton) This law asks for a fair competition among businesses.

It really makes the organization of US industry more restrained with regards to their business and market undertakings. This law is founded on the assumption that maintenance of free trade would benefit not only the businesses and markets but mostly the economy and the welfare of the consumers. In connection with the case against the Microsoft Corporation, Antitrust Law is really fit to be the basis of legal actions for it. Monopoly and unreasonable business practices are constituted in the Antitrust Law.

This is probably the reason why the Bush government only requested the implementation of it on the case of the Microsoft. To end, the issue as well as the case against the Microsoft Corporation’s monopoly and unbecoming business strategies is not yet really resolved in the US court. On the other hand, a hope for reasonable and justifiable final judgment is expected to prevail in the case.

The Antitrust Law should be applied accordingly in order to resolve the case free from criticisms.

Reference:

Auletta, Ken. World War 3. 0: Microsoft Vs. the U. S. Government, and the Battle to Rule the Digital Age. New and Updated ed. Broadway, 2002. Hartman, Stephen. West’s Encyclopedia of American Law. 1997. 10 July 2007 <http://iris. nyit. edu/~shartman/mba0101/trust. htm>. Hylton, Keith N. Antitrust Law: Economic Theory and Common Law Evolution . Cambridge University Press , 2003. Lessig, L. Analysis and News of US v. MS . 2001. 10 July 2007 <http://www. stern. nyu. edu/networks/ms/top. html>. Microsoft. Inside Out : Microsoft–In Our Own Words. Warner Business Books, 2000.