False, The laws aimed at preventing anticompetitive practice are termed "antitrust" because the general public in the late 1800s, when the laws began to be developed, did not trust firms to compete instead of collude with each other.
Antitrust laws protect competition. Free and open competition benefits consumers by ensuring lower prices and new and better products. In a freely competitive market, each competing business generally will try to attract consumers by cutting its prices and increasing the quality of its products or services.
These include plain arrangements among competing individuals or businesses to fix prices, divide markets, or rig bids. These acts are "per se" violations of the Sherman Act; in other words, no defense or justification is allowed.
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