What is the term for an agreement among competitors to restrict competition?

The correct term for an agreement among competitors to restrict competition is group boycotting. This term specifically refers to situations where businesses in the same market agree not to do business with a particular competitor or supplier, effectively limiting competition and market options.

Group boycotting can have significant antitrust implications because it can stifle competition by preventing a business from accessing necessary resources, clients, or markets. Such arrangements can lead to higher prices, reduced availability of goods or services, and less innovation as competitors collude to limit options available to consumers.

Understanding the nuances of these terms is crucial in the realm of antitrust laws and competition policies. This helps ensure a fair market where businesses operate independently without undue influence or restriction from competitors.