The worst antitrust offenses are
cartel violations, price fixing, bid rigging & customer allocation. Price fixing is when 2 plus competing sellers agree on what prices to
charge, ex: by agreeing that they will increase prices a certain amount or that they won't sell below a certain price. Bid rigging is when 2 plus firms agree to bid in such a
way that a designated
firm submits the winning bid,
typ for local, state or fed gov contracts.
Customer-allocation agreements involve some arrangement between competitors to split up customers, such as by geographic area, to reduce or eliminate competition. Such price-fixing, bid-rigging & customer-allocation agreements, unlike
joint research agreements for ex, provide no plausible offsetting benefits to consumers. These agreements are generally
secret, & the participants mislead & defraud customers by continuing to hold themselves out as competitors despite their agreement not to compete.
Price fixing, bid rigging & customer allocation harm consumers & taxpayers by causing them to pay more for products & services & by depriving them of other byproducts of
true competition. Nor is there usually any
question in the minds of violators that their conduct is unlawful. Such practices raise the price of a product or service by more than 10 %, sometimes much more, & that Amer consumers & taxpayers pour billions of $ each
yr into the pockets of cartel members. People who take consumer & taxpayer $ this
way are thieves.
