Some common unfair practices that hinder fair competition include:
- Price Fixing: When businesses conspire to set prices at a certain level, rather than allowing them to be determined by the market. - Monopolistic Practices: Actions taken by a company to dominate a market and eliminate competition. - False Advertising: Misleading consumers about the qualities or benefits of a product or service. - Predatory Pricing: Setting prices extremely low with the intent to drive competitors out of the market, only to raise them once competition is reduced.