horizontal price restraint
Definition
Collusion among competitors or distributors at the same level of production or distribution to directly depress, fix, raise, or stabilize prices in order to control the supply of goods or services. A collusion that only indirectly affects prices is called nonprice horizontal restraint.
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horizontal price restraint is in the Advertising, Marketing, & Sales, Banking, Commerce & Finance and Purchasing & Procurement subjects.
horizontal price restraint appears in the definition of the following term: nonprice horizontal restraint
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