What are the three main types of antitrust law violations?

Antitrust law violations are illegal acts that weaken competition or create monopolies. In Maine, the three main types of antitrust law violations include price fixing, market allocation, and bid rigging. Price fixing occurs when companies involved in a particular market collude to fix the prices of their goods or services. This practice makes it difficult for other companies to compete, as they cannot offer lower prices to attract customers. Market allocation involves companies agreeing to divide markets between them, preventing other companies from competing in those markets. This prevents competition and raises prices, which hurts consumers. Bid rigging is the act of companies conspiring to rig bids on business contracts. This is done by one company submitting a fake low bid, while the other company submits a high bid, ensuring that the high bid wins. This eliminates competition and drives up the cost of the contract. All three of these antitrust law violations are illegal in Maine and can result in significant criminal and civil penalties. Companies found in violation of these laws can be subject to fines, injunctions, and even imprisonment. Consumers can also file civil suits against companies for violations of antitrust law.

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What are the three main types of antitrust law violations?

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