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The modern world of business is increasingly more complex than ever before and globalization adds further legal challenges for business managers and expatriates. One area presenting complexity for competitiveness is the antitrust laws which impact all firms and managers doing business in the United States and most other developed nations. The goal of the antitrust law is to enhance competition while also prohibiting unfair restraints of trade and unlawful monopolies. Overall, antitrust laws are designed to provide consumers with better quality products and services as well as lower prices. In this article, we explain the important elements of antitrust laws, including the Sherman Antitrust Act, monopolization legal traps, and price discrimination regulations to make managers aware of their responsibilities. We also provide a global perspective by reviewing antitrust laws in China, Japan, the European Union, and other jurisdictions so expatriate managers can be proactive in being aligned with local regulations. Finally, specific compliance recommendations are provided for all firms and managers.

Antitrust Legal Traps in Trade and Monopolization: A Primer for Local and Global Managers