| A | B |
|---|
| Celler-Kefauver Antimerger Act | A federal regulation intended to protect competitors from takeovers that would limit competition |
| Clayton Act | A federal regulation intended to prevent specific business actions that might restrict competition (e.g., tying agreements and exclusive agreements) |
| Competition | The rivalry between two or more businesses to attract scarce customer dollars |
| Direct competition | Rivalry between or among businesses that offer similar types of goods or services |
| Efficient | Using minimum amounts of resources to the best advantage |
| Exclusive agreement | An illegal agreement that forbids customers from buying goods and services from competitors |
| Federal Trade Commission Act | A federal regulation that established a regulatory agency, the Federal Trade Commission (FTC), to monitor business activities in order to prevent unfair competition |
| Indirect competition | Rivalry between or among businesses that offer dissimilar goods or services |
