Examlex
Which of the following is among the disadvantages of small business ownership?
Sherman Antitrust Act
An 1890 U.S. legislation aimed at prohibiting monopolistic business practices, thereby promoting competition in the marketplace.
Legal Cartel Theory
The concept that certain regulatory frameworks or practices can create conditions similar to a cartel, affecting competition and prices.
Government Regulation
The laws and rules established by government bodies to control and guide the activities of businesses and individuals.
Herfindahl Index
A measure of the concentration and competitiveness of an industry; calculated as the sum of the squared percentage market shares of the individual firms in the industry.
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