Asked by Paige Taylor on Jul 22, 2024
Verified
Restraints of trade interfere with free competition.
Restraints Of Trade
Legal limitations placed on business practices and agreements that might unfairly limit competition or control prices.
Free Competition
An economic situation in which businesses operate without undue restrictions, allowing for the natural forces of supply and demand to determine prices and output.
- Understand the constraints and necessary conditions for agreements that restrict trade and how they affect competitiveness.
Verified Answer
TS
Theresa ShekeltonJul 24, 2024
Final Answer :
True
Explanation :
Restraints of trade, such as non-compete clauses or monopolistic practices, limit competition by preventing businesses or individuals from entering or acting freely in the market.
Learning Objectives
- Understand the constraints and necessary conditions for agreements that restrict trade and how they affect competitiveness.