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What is the purpose of anti-trust legislation?

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Please help answer the following questions. Include references as part of the solution.

What is the purpose of anti-trust legislation? In your answer, be sure to include explicit benefits that can be realized by consumers as a consequence of the enforcement of this legislation. What are some potential costs (to consumers)?

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Solution Summary

The solution briefly outlines the history and content of anti-trust legislation. It lists excluded industries/activities but also discusses the huge cost of compliance.

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Problem: What is the purpose of anti-trust legislation? In your answer, be sure to include explicit benefits that can be realized by consumers as a consequence of the enforcement of this legislation. What are some potential costs (to consumers)?

"The purpose behind antitrust law is to keep markets competitive so that businesses and ultimately consumers can purchase the best possible goods and services at the lowest possible prices."
http://www.cmht.com/antitrust.php

"In the United States, toward the last part of the ...

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