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The decision of the U..Court of Appeals for the Third Circuit in Webb v.City of Philadelphia, in which Officer Webb filed a complaint of religious discrimination under Title VII with the Pennsylvania Human Relations Commission and the federal Equal Employment Opportunity Commission, stated that:
Antitrust Action
Legal measures taken by governments to prevent or reduce monopolies and promote competition among businesses.
Economies of Scale
Cost advantages that businesses obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
Competitive Industry
An industry characterized by many firms competing against each other, with low barriers to entry and products that are similar but not identical.
Marginal Cost Pricing
A pricing strategy where the price of a good or service is set equal to the marginal cost of producing one more unit, commonly used in regulated utilities.
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