they could charge, and the quantities that many industries could produce, including telecommunications,

airlines, trucking, banking, and electricity.

Around the world, from Europe to Latin America to Africa and Asia, many governments continue to control

and limit competition in what those governments perceive to be key industries, including airlines, banks, steel

companies, oil companies, and telephone companies.

LINK IT UP

Vist this website (http://openstax.org/l/patents) for examples of some pretty bizarre patents.

Intimidating Potential Competition

Businesses have developed a number of schemes for creating barriers to entry by deterring potential

competitors from entering the market. One method is known as predatory pricing, in which a firm uses the

threat of sharp price cuts to discourage competition. Predatory pricing is a violation of U.S. antitrust law, but it

is difficult to prove.
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