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Simple English definitions for legal terms

horizontal scheme

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A quick definition of horizontal scheme:

Horizontal scheme refers to illegal activities that occur between competitors in a market. These activities break antitrust laws and include price fixing, bid rigging, and market allocation. Price fixing is when competitors agree to set or maintain prices at a certain level. Bid rigging is when companies agree in advance to determine the successful bidder for a project at a set price. Market allocation is when competitors agree to divide up a market between them instead of competing openly. These activities are illegal and can result in criminal prosecution. Evidence of meetings or communication between competitors can help detect these activities.

A more thorough explanation:

Horizontal scheme refers to illegal activities that occur between competitors in a market, which violate antitrust laws. These activities include:

  • Price fixing: When two or more competitors agree to set, raise, or maintain the prices of their goods or services at a certain level. This can happen at the wholesale or retail level.
  • Bid rigging: When companies agree in advance to determine the successful bidder for a project at a set price.
  • Market allocation: When competitors agree to divide up a market between them, rather than compete in an open market.

These activities are considered illegal and can result in criminal prosecution. The most effective way to detect these activities is through careful examination of records and evidence of meetings or communication between competitors.

For example, if two competing companies in the same industry agree to set the same price for their products, this is considered price fixing. This eliminates competition and can lead to higher prices for consumers. Similarly, if two companies agree to divide up a market between them, this limits consumer choice and can lead to higher prices as well.

homicide | hornbook law

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jackfrost11770
13:57
March at the very least atp
13:57
@llama: thank you!!! 44 apps thats crazy dude
Trismegistus
13:57
jack me too buddy
lilypadfrog
13:57
@info-man: I applied like a week before you and just went UR a couple days ago you’ll get there in a minute
13:57
I'm actually never gonna hear from BU
13:57
definitely not ambitious at all. this cycle's turning out to be as slow as the last one probably due to high app volume
13:57
@lilypadfrog: okay cool good to know
13:58
i really think they should push back seat deposits to june
13:58
its unfair
jackfrost11770
13:58
Recent boo I applied to BU in Oct
13:59
I've been complete since mid Sept:(
13:59
If I knew I would still be waiting in January I probably wouldn't have applied so early
jackfrost11770
14:00
Me neither
jackfrost11770
14:00
Someone applied to nyu in December and got today
jackfrost11770
14:00
I mgoikg to lose my fucking mind
14:01
re seat deposit: does any1 know if u can request to delay 1st seat deposit? some school are really early it seems
[] starfishies
14:02
if they delayed decisions we should be able to delay deposits... but we do not live a perfect world so i doubt it
lilypadfrog
14:03
yeah you can request an extension. usually it’s like a week though
14:03
i need tips for not falling asleep at work
drugs
14:03
can we talk about something interesting like i dont know drugs sex death
ReminiscentZestyFish
14:04
Everyone admitted to penn looks like above medians
14:04
time to harass glove on linkedin
lilypadfrog
14:06
that’s a good way to stay awake. tell him to come back here
14:08
lily i broke a rubber band already
14:08
le sigh
lilypadfrog
14:08
damn you get vicious with it. just pinch yourself or something
lilypadfrog
14:09
don’t break your finger
14:13
its a bum-ass law school but LSD really needs to update UCLawSF's name
14:13
whose manager can I call about that
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