Examlex
Transportation and delivery expenses alone add roughly 10 percent to the cost of a product.
Economic Efficiency
A state in which resources are allocated in a way that maximizes the production of goods and services at the lowest cost, while achieving the highest possible welfare or utility.
Negative Externalities
Costs experienced by third parties due to the actions of others that are not reflected in market prices.
Clayton Act
A U.S. antitrust law, adopted in 1914, aimed at protecting competition by prohibiting certain actions that lead to anticompetitiveness.
Celler-Kefauver Act
A U.S. law enacted in 1950 to amend the Clayton Act, aiming to prevent anti-competitive mergers and acquisitions by prohibiting the acquisition of assets if the effect reduces competition.
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