What are the three main types of antitrust law violations?
Antitrust law violations involve activities that disrupt the fair and competitive marketplace by giving specific companies and individuals an unfair advantage over others. In Texas, the three main types of antitrust law violations are price-fixing, monopolization, and deceptive trade practices. Price-fixing is the act of two or more companies agreeing to charge a certain price for a good or service, or artificially raising the price to benefit all involved. Price-fixing is illegal in the US because it creates an uneven playing field that denies consumers the benefit of competitive prices. Monopolization is the act of one company using its market power to unfairly dominate or control the market. This might include restricting competition, lowering prices to drive competitors out, or purchasing competitors to gain a monopoly. Deceptive trade practices involve creating false or misleading advertising or using other deceptive practices to sell a product or service. This can include making false claims about the quality of a product, advertising items that are out of stock, or deceiving customers about the cost or availability of a product. All of these activities are illegal and can lead to criminal or civil penalties.
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