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13 Cards in this Set
- Front
- Back
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Corporate power
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refers to the capability of corporations to influence government, the economy, and society, based on their organizational resources.
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Antitrust laws
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are laws that prohibit unfair, anticompetitive practices by business.
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Predatory pricing
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the practice fo selling below a producers cost to drive rivals out of business.
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Monopoly
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exists when one company dominates the market for a particular product or service.
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Tying
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buying a product or service from a company with having to buy a service contract
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Corporate merger
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is a combination of one company with another
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Vertical mergers
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combining companies within the same line of business that are at different stages of production.
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Horizontal merger
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companies who merge at the same level of production
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Conglomerate merger
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firms in totally unrelated businesses merge
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Hostile takeovers
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the bidder generally makes an offer to buy outstanding shares of the company for more that the current market price. If enough of the stockholders come forward to sell their shares, the bidder can gain a majority of the votes.
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Competition policies
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antitrust laws in other countries
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National competitiveness
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regulators don’t want to block mergers, break up monopolies, or prevent joint research efforts if it hinders this
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Harmonization
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efforts have been made to coordinate laws and enforcement efforts among nations.
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