Term
|
Definition
| We should judge the competitiveness of markets by performance (behavior) of firms in that market. |
|
|
Term
|
Definition
| We should judge the competitiveness of markets by the structure of the industry. |
|
|
Term
| Sherman Antitrust Act of 1890 |
|
Definition
| A law designed to regulate the competitive process |
|
|
Term
|
Definition
| A law that made four specific monopolistic practices illegal. Price discrimination, tie-in contracts, interlocking directorships, buying stock in competitors company. |
|
|
Term
| Federal Trade Commission Act |
|
Definition
| A law that made it illegal for firms to use "unfair methods of competition" and to engage "unfair or deceptive acts or practices." |
|
|
Term
|
Definition
| A general term meaning the act of combining two firms |
|
|
Term
|
Definition
| the purchase of one firm by a shell firm that then takes direct control of all the purchased firm's operations |
|
|
Term
|
Definition
| A transaction in which a company buys another company and the purchaser has the right of direct control over the resulting operation. (does not always use that right.) |
|
|
Term
|
Definition
| A merger in which the firm being taken over doesn't want to be taken over. |
|
|
Term
|
Definition
| The combining of two companies in the same industry |
|
|
Term
|
Definition
| A combination of two companies that are involved in different phases of producing a product. |
|
|
Term
|
Definition
| The merging of relatively unrelated businesses |
|
|
Term
|
Definition
| One company's sale of either parts of another company it has bought or parts of itself |
|
|
Term
|
Definition
| THe EU's antitrust agency |
|
|
Term
|
Definition
| A formal policy that government takes toward business. |
|
|
Term
|
Definition
| An industry in which significant economies of scale make the existence of more than one firm inefficient. |
|
|
Term
|
Definition
| The government's policy toward competitive process. |
|
|
