restrictive business practices (RBP)
Definition
Abuse of dominant market position by private or public sector producers in preventing or restricting entry of new suppliers, or otherwise restraining fair and open competition. RBP include apportioning of customers or markets among themselves, collusion to fix prices, and/or discriminatory pricing. Also called restrictive trade practices.
Popular 'Corporate, Commercial, & General Law' Terms
restrictive business practices (RBP) in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/restrictive-business-practices-RBP.html
