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LSDefine

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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General

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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