competition. The struggle for commercial advantage; the effort or action of two or more commercial interests to obtain the same business from third parties. fair competition. Open, equitable, and just competition between business competitors. horizontal competition. Competition between a seller and its competitors. • The Sherman Act prohibits unrea-sonable restraints on horizontal competition, such as […]
secondary-line competition. See vertical competition under COMPETITION.
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Competition between participants at different levels of distribution, such as manufacturer and distributor. — Also termed secondary-line competition.
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Antitrust. Under the price-discrimination provisions of the Robinson–Patman Act, the practice of charging below-cost, predatory prices in an attempt to eliminate the seller’s competition in the market. 15 USCA § 13(a). • A primary-line injury, which hinders or seeks to hinder competition among the seller’s competitors, is distinguishable from a secondary-line injury, which refers to
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primary-line injury. Antitrust. Under the price-discrimination provisions of the Robinson–Patman Act, the practice of charging below-cost, predatory prices in an attempt to eliminate the seller’s competition in the market. 15 USCA § 13(a). • A primary-line injury, which hinders or seeks to hinder competition among the seller’s competitors, is distinguishable from a secondary-line injury, which
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secondary-line injury. Antitrust. Under the price-discrimination provisions of the Robinson–Patman Act, the act of hindering or seeking to hinder competition among a seller’s customers by selling substantially the same products at favorable prices to one customer, or a select group of customers, to the detriment of others. 15 USCA § 13(a). • A secondary-line injury,
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