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Is an "agreement to agree" binding?
Restraint On Trade
Legal concept that refers to practices that limit free trading and competition between businesses.
Illegal
Activities or actions that are prohibited by law or statute and subject to penalties or sanctions.
Oligopolistic
Pertaining to a market structure characterized by a small number of firms controlling a large portion of the market share.
Market Structure
The organizational and other characteristics of a market that influence the nature of competition and pricing, such as the number of firms, product uniformity, and ease of entry.
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