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Under the Ortega doctrine, employers who fail to warn employees of systems monitoring or allow employees access to electronic mail for personal reasons as well may lose some of their monitoring powers over employees due to an elevated expectation of privacy.
Homogeneous
Describes products, goods, or services that are identical in features and quality, making them indistinguishable from one another to consumers.
Pure Competition
A market structure characterized by a large number of small firms, a homogeneous product, and very easy entry and exit.
Herfindahl Indexes
Measures of market concentration, calculated by summing the squares of the market shares of all firms within the industry to assess the competitive landscape.
Market Power
The ability of a company or entity to influence or control prices and total market output in an industry.
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