Examlex
An obligation imposed by law where there has been no agreement or expression of assent by word or act on the part of either party involved is a(n) :
Antitrust Policy
Legislation and regulations designed to promote competition and prevent monopolies by regulating the conduct of companies to ensure fair competition.
Product Differentiation
The method of differentiating a product or service from competitors in the marketplace to increase its appeal to a specific target audience.
Tacit Collusion
An unspoken, unofficial agreement between competitors to avoid certain actions or behaviors considered competitive, without explicit communication.
Nonprice Competition
Competition in areas other than price to increase sales, such as new product features and advertising; especially engaged in by firms that have a tacit understanding not to compete on price.
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