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The belief that bureaucracies have no competitors and no reason to make themselves more efficient best describes the __________ of bureaucracy, while the __________ predicts that bureaucrats will try to "sell" their services by appealing to both Congress and public opinion.
Restraint of Trade
Practices or agreements that restrict competition or control prices within a business context, often considered illegal or subject to regulation.
Sherman Act
A foundational antitrust law enacted in 1890 to combat anti-competitive practices, reduce market monopolies, and foster competition in the U.S. economy.
Monopoly Power
The ability of a company or entity to control or dominate an industry or sector, to the extent where competition is virtually eliminated.
Unfair Conduct
Actions that are unethical, dishonest, or violate legal guidelines, often manipulating situations for personal gain at the expense of others.
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