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9 Cards in this Set

  • Front
  • Back
Antitrust policy
government policies and programs designed to control the growth of monopoly and enhance competition
Herfindahl Index
a measure of concentration calculated as the sum of the squares of the market shares of each fim in the industry
the degree to which a few firms control the output and pricing decisions in a market
economic regulation
the prescription of price and output for a specific industry
social regulation
the priscribing of health, safety, performance, and enirnomental standards that apply across several industries
fair rate of return
a price that allows a monopoly to earn a normal profit
transferring a publicly owned enterprise to a private ownership
contracting out
the process of enlisting a private firm to provide a product or service for a government entity
stranded assets
assets acquired by a firm when regulated that have little value when deregulated