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Issues in Economics Today
Issues in Economics Today
Robert Guell, Indiana State University
Antitrust

Key Terms


barrier to entry  A legal or economic mechanism that prevents firms from competing in an industry.
contestable markets hypothesis  One firm is all that is necessary for competitive prices to exist as long as that firm is threatened by hit-and-run entry.
trust  A single company having ownership of all states of production in a particular industry.




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