Antitrust refers to US policies aimed at restricting monopoly and promoting competition, with key enforcement by the Antitrust Division of the Department of Justice and the Federal Trade Commission.
A process of competition that drives some existing firms out of the market.
A strategy wherein an incumbent firm sets a price low enough to deter new firms from entering the market.
A formal or informal agreement among a number of firms in an industry to restrict competition.
An act of 1914 extending federal antitrust law in the United States.
Understanding the concept and implications of competition in economics
The ability to compete in markets for goods or services based on a combination of price and quality.
The concept of free entry in economics and its implications for market competition.
A measure of firm size relative to market size used as an indicator of market concentration and competition.
A merger between firms at the same stage of production
An explanation of market share and its implications in different contexts such as regulatory frameworks and economic analysis.
A UK body appointed to investigate monopolies, mergers, and anti-competitive practices referred to it by certain authorities.
A market structure characterized by many firms selling differentiated products where each firm has some degree of market power but no long-term economic profit.
Understanding potential competition and its implications in economics
An economic strategy where pricing is set very low to eliminate competition or deter market entry.
A firm whose price changes tend to be followed by other sellers in its markets.
A comprehensive overview of regulation in economics, including its purpose, methods, and various frameworks.
A monopoly protected from competition through legal restrictions or trade barriers.
Definition and implications of being unable to realize potential profit due to high costs, poor quality, or other competitive disadvantages.
Business practices that involve disadvantaging competitors via unethical or illegal strategies.
