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The prevailing economic theory supporting antitrust laws in the United States is that the public is best served by free competition in trade and industry. When businesses fairly compete for the consumer's dollar, the quality of products and services increases while the prices decrease. However, many businesses would rather dictate the price, quantity, and quality of the goods that they produce, without having to compete for consumers. Some businesses have tried to eliminate competition through illegal means, such as fixing prices and assigning exclusive territories to different competitors within an industry. Antitrust laws seek to eliminate such illegal behavior and promote free and fair marketplace competition. Until the late s the federal government encouraged the growth of big business. By the end of the century, however, the emergence of powerful trusts began to threaten the U. Trusts were corporate holding companies that, by , had consolidated a very large share of U. Outline and Evaluate Functionalist Explanation of CrimeMathematical Formulas.
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