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Thr MARKET CONDUCT
Four THE PROMOTION OF COMPETITION
Fiv POLICIES TO RESTRICT COMPETITION
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absolute-cost barriers advertising agreements agriculture Alcoa aluminum American economy antitrust laws automobile barriers to entry behavior buyers cartel cent changes Clayton Act collusion Commission concentrated industries consumers courts crop decisions demand curve earn economists effect efficiency elements of market entry barriers existing factors of production farm farmers federal Federal Trade Commission goals going firm high barriers high concentration important income increase industry's inefficient innovation large number largest less level of concentration level of seller major market conduct market performance market share market structure maximize monopolistic national market normal profits oligopolistic oligopoly output patent system patterns plant price competition price discrimination price leadership problem product differentiation product policies profit rates promote public policy pure competition raise result retail rivals Robinson-Patman Act rule of reason scale economies Section sector sell seller concentration Sherman Act steel tend tion trade types U.S. Steel United utilities violations