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Petrochemical Production
The process of converting natural resources, like crude oil or natural gas, into chemical products used in manufacturing and industry.
Conglomerate
A large corporation formed by the merging of separate and diverse firms into a single entity, typically involving companies in entirely different industries.
Robinson-Patman Act
A United States federal law that aims to prevent anticompetitive practices by producers, specifically price discrimination.
Price Discrimination
occurs when a seller charges different prices to different buyers for goods of like grade and quality, without justification.
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