Answer:
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Step-by-step explanation:
Antitrust and competition law training is one of the proactive measures organizations can take to ensure employees have a basic understanding of the major federal antitrust laws, how they affect business activities, and how to avoid behaviors that can result in costly violations and harm to the organization’s reputation.
Antitrust laws in the US, which include the Sherman Act, the Federal Trade Commission Act and the Clayton Act, are designed to protect competition in the marketplace. Fair competition in business can benefit consumers with lower prices, higher quality, more selection and better customer service. The Federal Trade Commission (FTC) and Department of Justice (DOJ) enforce these antitrust laws and set penalties and fines. In addition to complying with federal antitrust laws, businesses must also comply with state antitrust statutes that are enforced by the states’ attorney general.
As part of an effective compliance program, providing antitrust and competition law training helps organizations manage and minimize the risk of violations, and ensure employees, at all levels, understand their responsibility to recognize antitrust red flags and report their concerns.