Examlex
In linear programming,a statement such as "maximize contribution" becomes an objective function when the problem is formulated.
Sherman Act
A foundational U.S. antitrust law aimed at maintaining competition by prohibiting monopolies, cartels, and other forms of restrictive trade practices.
Monopoly Power
The ability of a single firm to control the market price and output of a good or service due to lack of competition.
Alcoa Case
A landmark antitrust case in which the Aluminum Company of America (Alcoa) was found to have monopolized the production and sale of aluminum, violating the Sherman Act.
Federal Trade Commission
A federal agency established to prevent fraudulent, deceptive, and unfair business practices in the marketplace.
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