Business and Government |
Contents
Preview | 3 |
Market Structure and Economic Efficiency | 26 |
Industrial Organization | 50 |
Copyright | |
21 other sections not shown
Common terms and phrases
activities agency agreement airline allocation allowed Amtrak antitrust AT&T benefits capital Chapter charged collusion compete competition competitors concentration ratio conglomerate mergers considered consumers customers decision demand curve deregulation determined drug earn economic profits effect efficient electric utilities enterprise entry equipment evaluation example Federal Trade Commission firm's franchise geographic market Herfindahl index impact important incentive increase individual industry innovation involved large firms legislation less licensing manufacturers marginal cost market power market share ment merger million monopolist monopoly natural gas operations OSHA output percent perfect competition period pollution practices predatory pricing price discrimination price fixing problem protection purchase railroads reduced regulatory commissions rent seeking resale price maintenance result retail revenues risk safety Section sell sellers Sherman Act specified standards substantial suppliers supply Supreme Court telecommunications telephone companies tion U.S. Steel United users vertical violation