Examlex
Employment tests should focus on general job skills rather than skills that are related directly to the job.
Price Discrimination
A pricing strategy where identical or very similar goods or services are sold at different prices by the same provider in different markets or to different buyers.
Willingness to Pay
The highest price a consumer is prepared to pay for a good or a service.
Rule of Reason
A legal doctrine used in antitrust law that evaluates the restrictive practices of a business by considering the purpose of the practice and its effect on competition.
Sherman Act
A landmark federal statute in the field of United States antitrust law passed in 1890 to outlaw monopolistic business practices.
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