Question

A shoe repair company starts buying out all the local shoe repair companies. Once it is the only shoe repair company in town, it sharply raises prices. This might be a violation of which of the following types of laws?

Regulatory
Patent
Antitrust
Supply and demand

Answer 1

the answer is antitrust

Step-by-step explanation:

Answer 2

Antitrust

Step-by-step explanation:

Antitrust laws are laws developed by the United States government as a way to protect consumers from predatory business practices. These laws allow the economy to remain open and ensure fair competition. Laws of this kind protect against a variety of questionable business activities, such as market allocation, bid rigging, price fixing, and monopolies.