Examlex
Define the following terms: Hannibal
Sherman Act
A foundational antitrust law in the United States that outlaws monopolistic practices and promotes competitive markets.
Clayton Act
A U.S. legislation enacted in 1914 aimed at promoting competition among businesses by prohibiting certain practices that would lead to antitrust issues.
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.
Horizontal Merger
The merger into a single firm of two firms producing the same product and selling it in the same geographic market.
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