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]]. [[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]]. [[Antitrust]] laws prohibit this. | ||
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Latest revision as of 10:32, April 7, 2008
A restrictive agreement is an illegal conspiracy among firms to reduce output, fix prices, share market power, exclude competitors, or engage in coercion. Antitrust laws prohibit this.