Pricing - Research Article from Encyclopedia of Business and Finance

This encyclopedia article consists of approximately 10 pages of information about Pricing.
This section contains 2,758 words
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The first major law influencing the price of a company's product was the Sherman Antitrust Act of 1890, passed by Congress to prevent a company from becoming a monopoly. A monopoly occurs when one company has total control in the production and distribution of a product or service. As a monopoly, a company can charge higher than normal prices for its product or service, since no significant competition exists. The Sherman Antitrust Act empowers the U.S. Attorney General's Office to challenge a perceived monopoly and to petition the federal courts to break up a company in order to promote competition. An example of the successful use of Sherman Antitrust Act regulations occurred when the Attorney General's Office used them to break up the telephone giant, AT&T, in the 1980s. As a result of AT&T's breakup, several new telephone companies, such as...

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This section contains 2,758 words
(approx. 10 pages at 300 words per page)
Buy the Pricing Encyclopedia Article
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Encyclopedia of Business and Finance
Pricing from Encyclopedia of Business and Finance. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
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