Examlex
A rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit.
Competitors
Individuals or entities that are in the same industry or market and vying for the same customers or market share.
Robinson-Patman Act
A United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination.
Cost Savings
A reduction in expenses, achieving the same outcomes but at a lower cost.
Federal Trade Commission (FTC)
A federal agency established to prevent anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education.
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