Saturday, June 02, 2007

The 7-Deadly Anti-Competitive Sins

I tore these out of USAToday this week where they were included with an article describing why Hong Kong, which has been named the world's freest economy by the Heritage Foundation for 13 consecutive years, is implementing a new competition law. These come from Peter Macmillan, a Hong Kong lawyer who's blog Hong Kong Competition Law has looked at pricing practices in the beer and pork industries. Without further adieu here are The 7 deadly anti-competitive sins:

1. Price-fixing
2. Bid-rigging
3. Market allocation
4. Sales and production quotas
5. Joint boycotts
6. Unfair or discriminatory standards
7. Abuse of dominant market position

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