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Vertical Price-Fixing
An illegal agreement between parties at different levels of the same supply chain, such as manufacturers and retailers, to control prices.
Horizontal Price-Fixing
An agreement between competitors at the same level of the supply chain to set prices, restrict production, or reduce competition.
Sherman Act Section 1
A provision of U.S. antitrust law that prohibits contracts, combinations, or conspiracies that restrain interstate or foreign trade.
Violation
The act of disregarding or breaking a law, agreement, or rule, resulting in possible legal penalties or consequences.
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