They provide industry standards, networking opportunities, and advocacy for policy changes.
Can trade associations lead to anti-competitive behavior?
Yes, if members engage in price-fixing or collusion, it can violate antitrust laws.
How can trade associations ensure they comply with antitrust laws?
By setting clear guidelines on legal collaboration and avoiding discussions of pricing or market allocation among members.
What is the role of trade associations in promoting fair competition?
Trade associations promote fair competition by setting industry standards, advocating for best practices, and providing a platform for industry collaboration.