Regulation of product price or industrial structure, usually imposed on a
specific industry. By and large, the production processes used
by the regulated firms are unaffected by this type of
regulation.
An agreement between manufacturer and retailer that prohibits the
retailer from carrying the product lines of firms that are
rivals of the manufacturer. Such contracts are illegal under the
Clayton Act when they "lessen competition."
The practice by which a dominant firm in an industry temporarily reduces
price to damage or eliminate weaker rivals, so that prices can
be raised above the level of costs at a later time.
An agreement between firms whereby the buyer of a
product requires the seller to purchase another product
as a condition of sale. The practice is illegal under the
Clayton Act when it substantially reduces competition.
Legislation designed to improve the health, safety, and
environmental conditions available to workers and/or
consumers. The legislation usually mandates production
procedures, minimum standards,
and/or product characteristics to be met by producers and
employers.
