Discuss Competitive Factors That Affect a Firm

question 71

Essay

Discuss competitive factors that affect a firm.

---

Definitions:

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically price discrimination.

Clayton Act

A United States antitrust law enacted in 1914 aimed at increasing economic competition by prohibiting certain types of anti-competitive practices.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 to prohibit monopolies and restrictive trade practices.

Monopolies

The exclusive possession or control of the supply or trade in a service or commodity, often regarded negatively because it restricts competition.