Asked by Kaeleigh Anstine on May 27, 2024
Verified
A restraint of trade may be classified as either horizontal or vertical.
Restraint of Trade
Legal term referring to any activity or agreement that restricts or impedes free competition in the market, often deemed unenforceable or illegal.
Horizontal
Describes a peer relationship in business or management settings, implicating equivalence rather than hierarchy.
Vertical
Describes the integration or arrangement within a supply chain where a company controls multiple stages of production or distribution, from raw materials to final product delivery.
- Distinguish between different types of antitrust violations, including horizontal and vertical restraints, monopolies, and tying arrangements.
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Learning Objectives
- Distinguish between different types of antitrust violations, including horizontal and vertical restraints, monopolies, and tying arrangements.
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