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Simple English definitions for legal terms
combine
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A quick definition of combine:
A combine is an agreement between two or more people or companies to work together to raise prices, reduce the amount of goods produced, or create a monopoly. This is not allowed by antitrust laws because it can harm competition and consumers.
A more thorough explanation:
Definition: A combine, also known as a combination in restraint of trade, is an agreement between two or more individuals or entities that is designed to raise prices, reduce output, or create a monopoly. This type of agreement is illegal under antitrust laws.
Example: Two competing companies in the same industry agree to work together to control the market and eliminate competition. They agree to set prices at a certain level and limit the amount of goods they produce. This is an example of a combine.
Explanation: In this example, the two companies are working together to create a monopoly by limiting competition and controlling prices. This is illegal under antitrust laws because it harms consumers by limiting their choices and driving up prices.