ABSTRACT
B. Restraint of Trade The agreement or conspiracy must "unreasonably" restrain trade.16 The Su-
preme Court has referred to the phrase "restraint of trade" as "a particular economic consequence, which may be produced by quite different sorts of agreements in varying times and circumstances."17 Typically, a restraint of trade involves collusive activity that restricts output and leads to supra-competitive prices, exclusionary conduct such as refusal to deal, or other interference with the free play of market forces.18
