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27Jan94 UK: PRICE FIX CASE HAS A HOLLOW RING.

By Bill Fishlock.While it is encouraging to see the Office of Fair Trading is not afraid of taking legal action against nine ready mixed concrete companies allegedly involved in price fixing, it is questionable what impact these cases will have in promoting sound competitive practice.Given that the case against the nine firms and eight individual directors centres on alleged abuses which apparently ended in 1988, the action has a somewhat dated feel.Thanks to the recession, market conditions ...

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