What Is the Difference Between the Judgment by Performance and the Judgment

question 12

Essay

What is the difference between the judgment by performance and the judgment by structure methods of assessing competition? What are the problems associated with applying each standard?

---

Definitions:

Swap Market

A marketplace where parties exchange financial instruments, such as interest rates or currencies.

Derivatives Market

A financial market for securities whose value derives from the value of other underlying financial assets, such as stocks, bonds, or commodities.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Futures Markets

Exchanges that facilitate the buying and selling of futures contracts, which are agreements to buy or sell assets at a future date at a predetermined price.