legal monopoly
legal monopoly 合法垄断(权)；法定独占(权) 指由政府授予经营电力、电话等公用事业的专属权利；公用事业的服务内容和收费由政府规定。
Search Results for: legal monopoly
legal monopoly
The exclusive right granted by government to business to provide utility services that are, in turn, regulated by the government. [Cases: Public Utilities 113. C.J.S. Public Utilities §§ 4, 69, 71.]
restraint of trade
restraint of trade. 1. A limitation on business dealings or professional or gainful occupations. 2. Antitrust. An agreement between or combination of businesses intended to eliminate competition, create a monopoly, artificially raise prices, or otherwise adversely affect the free market. • Restraints of trade are usu. illegal, but may be declared reasonable if they are
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predatory pricing
predatory pricing. Unlawful below-cost pricing intended to eliminate specific competitors and reduce overall competition; pricing below an appropriate measure of cost for the purpose of eliminating competitors in the short run and reducing competition in the long run. See ANTITRUST. [Cases: Monopolies 17(1.7). C.J.S. Monopolies §§ 83–85, 87.] “In its most orthodox form, ‘predatory pricing’