Horizontal price restraint

Horizontal price restraint,

Definition of Horizontal price restraint:

  1. Collusion among competitors or distributors at the same level of production or distribution to directly depress, fix, raise, or stabilize prices in order to control the supply of goods or services. A collusion that only indirectly affects prices is called nonprice horizontal restraint.

Meaning of Horizontal price restraint & Horizontal price restraint Definition