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Explain how committee reports can be used in tax research. What do they indicate?
Antitrust Laws
Antitrust laws are regulations established to promote competition by restricting monopolistic practices and unfair business practices that might harm consumers or the economy.
Competitive Economy
An economic system where businesses operate in a free market, competing for consumers' preference and resources, driving innovation, efficiency, and diversity of goods and services.
Conglomerate Merger
A merger between companies operating in unrelated business activities, aiming to diversify business operations and investments.
Unrelated Industries
Industries that have no direct business connection or overlap with each other.
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