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Understanding Para. 2 What is Antitrust? The word “antitrust” dates from the late 1800s, when powerful companies dominated industries, working together as “trusts” to stifle competition. Thus, laws aimed at protecting competition have long been labeled “antitrust.” What is Trust? 信任、相信:the trait of trusting; of believing in the honesty and reliability of others; 信托:something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); 托拉斯(一种垄断组织形式):a large business, possibly a monopoly How much do you know about trust? Understanding Para. 3 企业合并 Merger: the combination of two or more commercial companies 合并、兼并 e.g. The merger puts the firm in a position to triple its earnings. 合并可使公司利润增长两倍。 e.g. Shareholders will be voting on the merger of the companies. 股东们将投票表决公司合并问题。 Mergers and acquisitions?(MA) are transactions in which the ownership of?companies, other business organizations, or their operating units are transferred or consolidated with other entities. As an aspect of?strategic management, MA can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Comprehensive Business English Book 3 Unit 9 Para. 4 横向限制竞争协议 It’s illegal for business rivals to act together in ways that can limit competition, lead to higher prices, or hinder other businesses from entering the market. Consider the effect on competition: Price-fixing and nonprice-fixing practices: A?cartel?is a group of apparently independent producers whose goal is to increase their collective profits by means of?price-fixing, limiting supply, or other?restrictive practices. Cartels typically control selling prices, but some are organized to control the prices of purchased inputs.?Antitrust?laws?attempt to deter or forbid cartels.? Comprehensive Business English Book 3 Unit 9 Notes to the text real-time data (RTD, 实时数据): information that is delivered immediately after collection, meaning that there is no d
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