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Anti-competitive practices
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Term: anti-competitive practices

1.

Business practises that have the object or effect of preventing, restricting, or distorting competition within a market. Agreements tending to have such an affect are void and unenforceable. Exceptions apply to certain agreements.

 

Usage: The brewery was fined by the industry regulator for in anti-competitive practices.

Related Words: market; horizontal agreement; vertical agreement.


 

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