Difference between revisions of "Restrictive agreement"
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A restrictive agreement is an illegal conspiracy among firms to reduce output, fix prices, share market power, exclude competitors, or engage in coercion. The antitrust laws prohibit this. | A restrictive agreement is an illegal conspiracy among firms to reduce output, fix prices, share market power, exclude competitors, or engage in coercion. The antitrust laws prohibit this. | ||
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Revision as of 21:30, July 30, 2007
A restrictive agreement is an illegal conspiracy among firms to reduce output, fix prices, share market power, exclude competitors, or engage in coercion. The antitrust laws prohibit this.