ABSTRACT
RESTRICTED competition was defined in Chapter II as competition among price makers who are protected—partly or wholly—from the competition that the entry of newcomers to their market would entail. But the term “restricted competition” covers a large variety of market behavior, because established rivals, protected from the competition of newcomers, may not be restrained at all in their own competitive behavior; and when they are, they may be restrained in various forms and to varying degrees. To analyze the nature of restricted competition, therefore, we shall have to discuss separately the different forms which restricted competition may take.
