Antitrust laws should prevent collusion from "summary" of The Antitrust Paradox by Robert Bork
Antitrust laws are designed to promote competition by preventing anticompetitive behavior such as collusion among competitors. Collusion occurs when competitors agree to coordinate their actions in order to eliminate or reduce competition in the market. This can take various forms, such as price-fixing, market allocation, and bid-rigging. Price-fixing is a common type of collusion where competitors agree to set prices at a certain level, thereby eliminating price competition. Market allocation occurs when competitors divide up markets or customers among themselves, reducing choice and competition for consumers. Bid-rigging occurs when competitors agree in advance on who will win a contract, allowing them to artificially inflate prices. Collusion is harmful t...
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