How can policies protect the process of competition for the benefit of consumers, making sure there are strong incentives for businesses to operate efficiently, keep prices down, and keep quality up?
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Policy Definition: Antitrust laws at both the Federal and State level protect consumers against business practices that would decrease competition. These laws are relevant across the entire health care system and essential to lowering/controlling costs, improving quality, and promoting innovation.
Policy Definition: Market concentration refers to the number of players in a market along with the amount of market share each player respectively retains.