Examlex
Suppose the price elasticity of demand for a product is 0.5. If a supplier wants to increase revenue, what change should it make to price, if any?
Price Fixing
An illegal agreement among competitors to fix prices at a certain level rather than allowing them to be determined by free market forces.
Clayton Act
The Clayton Act is a U.S. antitrust law enacted in 1914, aimed at promoting competition and preventing monopolies.
Antitrust Laws
Legislation enforced to prevent monopolies and promote competition among businesses.
Celler-Kefauver Act
A U.S. law passed in 1950 to beef up antitrust regulations by restricting corporate mergers and acquisitions that could lead to decreased competition.
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