anticompetitive behavior

Anticompetitive behavior refers to practices by businesses that prevent or reduce competition in the market. This can include tactics like price-fixing, where companies agree on prices rather than competing, or creating exclusivity agreements that limit where products can be sold. These actions can harm consumers by leading to higher prices, fewer choices, and stifled innovation. Regulatory bodies work to identify and prevent such behaviors to ensure a fair marketplace where businesses can compete freely and consumers benefit from lower prices and better services.