| 释义 |
restrictive trade practices
Arrangements in industry designed to maintain high prices or earnings or to exclude outsiders from a trade or profession. Examples include resale price maintenance contracts, agreements between manufacturers to restrict output so that demand remains unsatisfied and a high price is maintained, similar agreements concerning the provision of services, and rules restricting entry to a trade or profession. Under the Competition Act 1998, as supplemented by the Enterprise Act 2002, certain types of restrictive agreement are presumed to be against the public interest (and therefore void). The UK Competition and Markets Authority (CMA) has powers to investigate anti-competitive agreements and may declare whether or not an agreement breaches the competition rules. In the EU the European Commission has similar powers under Article 101 of the Treaty on the Functioning of the European Union. |