SMU Law Review
ANTITRUST law is widely perceived to be the legal guardian of the competitive process. To the extent that it performs its role, the nation benefits. In the short-term, the nation benefits from a market process which efficiently allocates society's resources in accordance with consumer demand. In the long-term, the nation benefits as more efficient producers gradually replace less efficient producers, thus lowering the cost and increasing the supply of goods and services.
Daniel J. Gifford, The Jurisprudence of Antitrust, 48 SMU L. Rev. 1677 (1995), available at https://scholarship.law.umn.edu/faculty_articles/334.