What is price-fixing and how is it illegal?

Price-fixing is an illegal practice that occurs when two or more competitors in the same industry agree to fix the prices of the goods or services they offer. In other words, they agree to charge the same amount for the same product or service. This type of agreement is illegal because it deprives customers of the best price and limits their choices. In Kansas, all antitrust laws are enforced by the state attorney general. To determine if an antitrust violation has occurred, the attorney general must first determine if the parties had a reasonable expectation of competitive harm. If it is determined that a competitive harm did occur, then the attorney general will investigate further to determine if the price-fixing was a willful and malicious act. If a violation is found, the attorney general will bring criminal prosecution against the parties involved. In addition, a civil suit may be pursued if the state believes that a person or company has harmed competition or consumers through price-fixing. If a court finds one or more parties guilty of price-fixing, the court may impose fines, imprisonment, and other penalties. Price-fixing is an illegal and unethical practice. In Kansas, all antitrust laws are enforced to ensure fair business practices and protect the interests of consumers. If someone is found to be engaging in price-fixing, they can face criminal prosecution and civil penalties.

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What is price-fixing and how is it illegal?

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