Economic Concentration, Volumes 2-4 |
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Page 544
... less competitive manner . Low measures of concentration are associated with competitive function- ing ; high ones , much less certainly , with noncompetitive functioning . A high degree of concentration is an indication of oligopolistic ...
... less competitive manner . Low measures of concentration are associated with competitive function- ing ; high ones , much less certainly , with noncompetitive functioning . A high degree of concentration is an indication of oligopolistic ...
Page 554
... less competitive than the facts of economies of scale , transport costs , the geography of demand , the nature of consumer preferences dictate . Now it is perfectly clear , just to expand on this a little , that if we look at an ...
... less competitive than the facts of economies of scale , transport costs , the geography of demand , the nature of consumer preferences dictate . Now it is perfectly clear , just to expand on this a little , that if we look at an ...
Page 576
... less and less mean- ingful as an indication of the extent or effectiveness of competition . Increasingly , competition has been crossing industry lines and national borders . Conglomerates have been adding to such competition . Our ...
... less and less mean- ingful as an indication of the extent or effectiveness of competition . Increasingly , competition has been crossing industry lines and national borders . Conglomerates have been adding to such competition . Our ...
Page 596
... less uniformly integrated than the large ones . The 20 largest refiners , on the other hand , accounting for 83.4 percent of the total domestic refinery throughput in 1960 , were all vertically integrated in the sense that they perform ...
... less uniformly integrated than the large ones . The 20 largest refiners , on the other hand , accounting for 83.4 percent of the total domestic refinery throughput in 1960 , were all vertically integrated in the sense that they perform ...
Page 608
... less competitive than would the independent producers ; the latter seems more concerned about cutbacks in volume and the loss by Texas producers of their share in the national market , and therefore seems to be disposed to behave more ...
... less competitive than would the independent producers ; the latter seems more concerned about cutbacks in volume and the loss by Texas producers of their share in the national market , and therefore seems to be disposed to behave more ...
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Common terms and phrases
acquiring company acquisitions aircraft aluminum American antitrust assets basic BLAIR California census centration Chemical CHUMBRIS Clayton Act COHEN committee competition competitors concentration ratios conglomerate conglomerate mergers Corp corporations costs COULTER Court crude oil diversification economic economists effect employment engines equipment Fabricated metal fact Federal Trade Commission Goddard growth Honolulu important increase Industry category innovation integrated invention Kaysen large firms largest machinery major manufacturing market share ment merger activity metal million mills monopoly MUELLER National natural gas natural gas liquids number of firms oligopolistic oligopoly operating ORRICK output panies Paperboard patent percent petroleum plants problem Professor profits purchase question refinery refining relatively research and development result rocket Senator FONG Senator HART Senator HRUSKA Sherman Act significant small firms smaller statistical steel structure subcommittee technical Tidewater tion U.S. SENATE United Wall Street Journal
Popular passages
Page 687 - No corporation shall acquire, directly or indirectly, the whole or any part of the stock or other share capital and no corporation subject to the jurisdiction of the Federal Trade Commission shall acquire the whole or any part of the assets of...
Page 1120 - There is no more pleasant fiction than that technical change is the product of the matchless ingenuity of the small man forced by competition to employ his wits to better his neighbor. Unhappily, it is a fiction.
Page 1118 - The reasonable man adapts himself to the world : the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.
Page 688 - The boundaries of such a submarket may be determined by examining such practical indicia as industry or public recognition of the submarket as a separate economic entity, the product's peculiar characteristics and uses, unique production facilities, distinct customers, distinct prices, sensitivity to price changes, and specialized vendors.
Page 809 - It rests on the premise that the unrestrained interaction of competitive forces will yield the best allocation of our economic resources, the lowest prices, the highest quality and the greatest material progress, while at the same time providing an environment conducive to the preservation of our democratic political and social institutions.
Page 1233 - I say, technically, I don't think anybody in the world knows how to do such a thing, and I feel confident it will not be done for a very long period of time to come. ... I think we can leave that out of our thinking. I wish the American public would leave that out of their thinking.
Page 572 - market" which one must study to determine when a producer has monopoly power will vary with the part of commerce under consideration. The tests are constant. That market is composed of products that have reasonable interchangeability for the purposes for which they are produced — price, use and qualities considered.
Page 695 - The four railroad cases at least stand for the proposition that where merging companies are major competitive 673 factors in a relevant market, the elimination of significant competition between them, by merger or consolidation, itself constitutes a violation of § 1 of the Sherman Act.
Page 690 - Such a test lightens the burden of proving illegality only with respect to mergers whose size makes them inherently suspect in light of Congress' design in § 7 to prevent undue concentration.
Page 563 - The merger of appellees will result in a single bank's controlling at least 30% of the commercial banking business in the four-county Philadelphia metropolitan area. Without attempting to specify the smallest market share which would still be considered to threaten undue concentration, we are clear that 30% presents that threat...