Definition, Meaning & Synonyms
limit-competition
noun
/ˈlɪmɪt kəmˈpɛtɪʃən/
Definition
A situation in which the number of competitors in a particular market or industry is restricted, leading to reduced rivalry among businesses.
Examples
- The company’s strategy to limit-competition helped it dominate the market.
- Limit-competition practices can sometimes lead to monopolistic behavior.
- Regulators often scrutinize mergers to prevent limit-competition.
Meaning
Limit-competition refers to the practice of controlling or reducing the number of competitors in a market, often to maintain higher prices and stable profits for the businesses involved.
Synonyms
- Market control
- Anti-competitive behavior
- Monopoly
