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Rule of Reason
A legal doctrine used in antitrust law that evaluates business practices based on their overall circumstances and their impact on competition, rather than deeming them inherently illegal.
Supreme Court
The highest judicial court in a country or state, often having the final word in legal disputes and constitutional issues.
Oil And Tobacco Trusts
Historical terms referring to the monopolistic organizations formed in the oil and tobacco industries to control production and prices.
Deregulation
The process of removing or reducing state regulations, typically in the economic sphere, to encourage more efficient and competitive markets.
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