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What is fair and unfair competition?

Fair competition is competition that is based on quality, price, and service rather than unfair practices. Predatory pricing, competitor bashing, and the abuse of monopoly-type powers, for example, are unfair practices. When competitors can compete freely on a level playing field, economies are more likely to thrive.

What does unfair competition mean?

Unfair competition is conduct by a market participant which gains or seeks to gain an advantage over its rivals through misleading, deceptive, dishonest, fraudulent, coercive or unconscionable conduct in trade or commerce.

What are 3 types of unfair business practices?

Unfair business practices include misrepresentation, false advertising or representation of a good or service, tied selling, false free prize or gift offers, deceptive pricing, and noncompliance with manufacturing standards.

What is an example of unfair method of competition?

Two common examples of unfair competition are trademark infringement and misappropriation. The Right of Publicity is often invoked in misappropriation issues. Other practices that fall into the area of unfair competition include: false advertising.

What is an example of fair competition?

Fair competition refers to a free market in which all the players operate on a level playing field. Businesses base their competitive practices on price, quality and customer service rather than, for example, predatory pricing.

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