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In almost all anti-trust jurisdictions, horizontal price fixing is per se prohibited. This means that regardless of any justification for fixing the price, it is always illegal. In the Philippines, price fixing between or among competitors is likewise per se prohibited, as provided under Section 14 (a) (1) of the PCA.
The Philippine Competition Act (PCA) or R.A. 10667 is the primary competition law of the Philippines for promoting fair competition in the marketplace and protecting well-being of consumers in the process. The PCA was passed in 2015 after languishing in Congress for 24 years.
3 lip 2019 · When businesses subvert the market and agree to fix prices and restrict competition, they are engaging in anticompetitive behavior that often leads to higher prices for end-consumers or less incentive for businesses to innovate.
6 mar 2020 · Violations of the provisions of the Philippine Competition Act pertaining to cartels, price fixing, anti-competitive agreements, abuse of dominant position, failure to comply with the merger compulsory notification and classification as a prohibited merger can result in the imposition of administrative fines of up to One Hundred Million Pesos ...
Here are some anti-competitive practices that can be harmful for consumers: Price Fixing Price Fixing Businesses agree to directly or indirectly fix purchase or selling price. Under fair market competition, the dynamics of supply and demand determine the prices of goods and services.
8 cze 2010 · The Philippine Competition Act (PCA) prohibits three (3) types of anti-competitive conduct, namely: •. Anti-competitive agreements between competitors or among enterprises in a production...
21 kwi 2016 · Price fixing and bid rigging between or among competitors are per se prohibited under the PCA. Production control agreements and market sharing agreements between or among competitors are illegal if they have the object or effect of substantially preventing, restricting or lessening competition.
