Competition law, also known as antitrust law in some jurisdictions, refers to laws and regulations designed to promote fair competition and prevent anti-competitive practices in the marketplace. Key prohibited practices include:

• Price Fixing: Agreements between competitors to set prices at a certain level, undermining free market competition.
• Bid Rigging: Collusion among bidders to determine the winner of a bidding process, undermining fair competition.
• Market Allocation: Agreements between competitors to divide markets or customers, preventing competition in those areas.
• Monopolization: Actions taken by a dominant company to maintain or enhance its market power through anti-competitive means.
• Exclusive Contracts: Agreements that prevent suppliers or customers from engaging with competitors, restricting competition.
• Tying Arrangements: Requiring customers to buy a secondary product or service in order to purchase a desired product, limiting consumer choice.
• Predatory Pricing: Setting prices below cost with the intent to eliminate competition, allowing the seller to raise prices later.
• Unfair Trade Practices: Engaging in deceptive practices that distort competition, such as false advertising.