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Antitrust Law
Legislation enacted to prevent monopolies, promote competition, and guard against anti-competitive practices in the marketplace.
Market Shares
Describes the portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.
Laissez-faire Antitrust
An approach to antitrust policy that minimizes government intervention in the market, based on the belief that markets should regulate themselves.
Economies of Scale
Cost advantages reaped by companies when production becomes efficient, leading to a decrease in the per-unit cost as output increases.
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