Antitrust Definition
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 antitrust activity can be classified in the following areas:
- Bid rigging
- Monopolization and oligopolization
- Price fixing
- Tying
- Vendor lock-in