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The Roberts Court followed the tradition of the Rehnquist Court by scrutinizing and limiting new laws based on an assertion of federal government authority under the commerce clause.
Nonprice Factors
Aspects of a product or service that affect consumer choice other than price, such as quality, brand reputation, or convenience.
Oligopolistic Competition
An economic system where a few large corporations control the market, resulting in restricted competition.
Price Competition
A market situation in which competitors attempt to outdo each other on price, as opposed to features, benefits, or services.
Pure Monopoly
A market structure where a single company or entity exclusively supplies a product or service, facing no competition.
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