Examlex
Firms that acquire monopoly power in a given market comply with the antitrust laws' objective of promoting competitive market structures.
Fair-return Price
A price that allows a company to cover its costs and make a reasonable profit.
Short Run
A period in economics where at least one input is considered fixed in the production process.
Natural Monopoly
A market condition where a single firm can provide a good or service at a lower cost than any potential competitor, often due to economies of scale.
Fair Return
A reasonable profit for a business, considered equitable for both the business owners and consumers, typically governed by regulatory strategies.
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