What is the law on anti-competitive practices?

In North Carolina, anti-competitive practices are governed by the law of unfair and deceptive trade practices. This law is designed to protect consumers from businesses who try to manipulate competition or charge unfairly high prices. Unfair and deceptive trade practices can include many types of activities, including price fixing, bid rigging, monopolization, boycotting, and other unfair practices. Price fixing is an arrangement between two or more businesses to set the prices for their goods or services. Bid rigging is a form of price fixing where the bidders will agree to submit false bids in order to drive up the price of the goods or services. Monopolization occurs when a business has an unfair advantage in the marketplace, making it difficult for competitors to enter the market. Boycotting is when a group of businesses agree to refuse to buy goods or services from certain vendors in order to drive up their prices. The law in North Carolina prohibits any of these activities, and violators may be subject to criminal penalties or civil damages. In order to challenge unfair and deceptive trade practices, individuals or businesses can file a civil lawsuit in court. They may also report the alleged activity to the North Carolina Attorney General’s Office or the Federal Trade Commission for investigation.

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What is the law on anti-competitive practices?

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