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Selling a product below cost to drive competitors out of the market.
Regulation and deregulation section 4. Learn vocabulary terms and more with flashcards games and other study tools. The ability of a company to control prices output like a monopoly the leading firms can form a cartel merge with one another or set the market price below their costs for the short term to drive competitors out of business markets dominated by a few large firms tend to have higher prices lower output than markets with many sellers. Financial regulation moral hazard and.
Terms in this set 13 regulation. Laws that encourage competition in the marketplace. Particularly notable were passage of the gramm leach bliley act of 1999 which repealed the glass 4 this section draws on david moss an ounce of prevention.
Financial deregulation continued through the early years of the 21st century. 7 section 4 regulation and deregulation. Terms in this set 5 predatory pricing.
Defines monopolies and gives government the power to control them. Start studying chapter 7 section 4 regulation and deregulation key terms. Is a set of rules designed to control business behavior.
Chapter 7 section 4.
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