Examlex
We are maximizing our utility when the marginal utility of each good or service we purchase is _________ to its price.
Sherman Act
A fundamental U.S. antitrust regulation that prohibits business monopoly behaviors and encourages competitive practices.
Per Se
A Latin term meaning "by itself" or "in itself," used to indicate that something is inherently or intrinsically the case.
Professional Association
An organization seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.
Horizontal Merger Guidelines
Guidelines issued by the U.S. Federal Trade Commission and the Department of Justice that evaluate the potential anti-competitive effects of horizontal mergers.
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