Misplaced Pages

Cut throat competition

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Cut throat competition" – news · newspapers · books · scholar · JSTOR (November 2015) (Learn how and when to remove this message)

Cut throat competition is a term that was widely used to describe the reason for consumer protection regulation, labour law, and enforcement of competition law or antitrust, in the late 19th and early 20th century.

In economics, cut throat competition is also referred to as ruinous, excessive or unfettered competition. More generally, cut throat competition is also subsumed under the term "destructive competition".

Many countries have strict legislation against cut throat competition and anti-competitive practices in pricing.

According to the Federal Trade Commission, the alleged necessity of a pricing agreement to avoid cut-throat competition is not considered a valid defense in the case of a proven price fixing agreement.

See also

References

Works or authors cited in Misplaced Pages
Inline references
  1. Ruwantissa Abeyratne (5 January 2012). Strategic Issues in Air Transport: Legal, Economic and Technical Aspects. Springer Science & Business Media. p. 366. ISBN 978-3-642-21959-7.
  2. "Price Fixing". Competition Guidance. Federal Trade Commission. 11 June 2013. Retrieved 14 November 2015.
Categories: