horizontal restraint

Definition of "horizontal restraint"
  1. A form of trade restriction where businesses operating at the same level in the market, such as competitors, make an agreement to limit competition
How to use "horizontal restraint" in a sentence
  1. The courts ruled that the horizontal restraint imposed by these rival brands was unfair.
  2. The companies may face penalties if they engage in a horizontal restraint agreement to reduce competition.
  3. The trade commission investigated claims of horizontal restraint among manufacturers in the same distribution chain.

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