Examlex
Compare and contrast production efficiency and allocative efficiency.
Per Se Violation
A legal doctrine under antitrust law where certain business practices are considered anticompetitive and unlawful in themselves, without any need to prove harm or malicious intent.
Antitrust Law
Legislation designed to promote market competition by regulating anti-competitive conduct by companies.
Rule of Reason
A legal doctrine that considers the full facts and circumstances of a business agreement to determine its legality under antitrust laws.
Herfindahl Index
A gauge for determining the scale of businesses in comparison to the entire sector, illustrating the degree of competitiveness.
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