Market allocation scheme
Market allocation or market division schemes are agreements in which
customers in certain geographic areas and refuse to sell to, or quote intentionally high prices to, customers in geographic areas allocated to conspirator companies.[1]
Antitrust
According to Adam Smith, people of the same trade seldom meet without the conversation turning to conspiring ways to raise prices and defraud the public.[citation needed] Market allocation is generally regarded as illegal in the United States, unless the Department of Treasury or equivalent body authorizes it.[2]
References
- ^ "Price Fixing, Bid Rigging, and Market Allocation Schemes". Retrieved 2 June 2013.
- ^ United States Department Of Justice. Price Fixing, Bid Rigging, and Market Allocation Schemes: What they are and what to look for. RET. 22, OCT 2021. https://www.justice.gov/atr/file/810261/download
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