| 单词 | anti-competitive agreement |
| 释义 | anti-competitive agreementanti-competitive agreementa form of COLLUSION between suppliers aimed at restricting or removing competition between them. For the most part such agreements concentrate on fixing common selling prices and discounts but may also contain provisions relating to market-sharing, production quotas and coordinated capacity adjustments. The main objection to such agreements is that they raise prices above competitive levels, impose unfair terms and conditions on buyers and serve to protect inefficient suppliers from the rigours of competition. In the UK, anti-competitive agreements are prohibited by the COMPETITION ACT, 1998.anti-competitive agreementa form of COLLUSION between suppliers aimed at restricting or removing competition between them. For the most part, such agreements concentrate on fixing common selling prices and discounts but may also contain provisions relating to market-sharing, production quotas and coordinated capacity adjustments. The main objection to such agreements is that they raise prices above competitive levels, impose unfair terms and conditions on buyers and serve to protect inefficient suppliers from the rigours of competition. In the UK, anti-competitive agreements are prohibited by the COMPETITION ACT 1998. See also RESTRICTIVE PRACTICES COURT. |
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