Antitrust
Antitrust or Competition laws legislate against trade practices which undermine competitiveness or are considered to be unfair. The term antitrust derives from the US law which was originally formulated to combat business trusts - now commonly known as cartels.Most anti-trust activity can be classified in the following areas:
- Bid rigging
- Monopolization and oligopolization
- Price fixing
- Vendor lock-in.
- Tying
Most free-market countries have an antitrust law of one form or another. The European Union also has its own competition law.
See also
External link
This article is a stub. You can help Wikipedia by expanding it.