Recently, the Federal Trade Commission (FTC) has accused breakfast cereal manufacturers of illegal monopolization (1971).A major basis for the charge is the FTC belief that high advertising expenditures by the companies create effective entry barriers. One FTC study (1969) reached this...

The rapid expansion of industry at the outset of economic development and the subsequent growth of the transportation and residential and commercial sectors dictate both the rate at which energy demand increases and the composition of primary fuel sources used to meet secondary requirements....

The adoption of import oriented policies introduced distortions into the economy which caused Nigeria to ignore resource-based industry in agriculture, petroleum and metal production. The resulted in the transfer of technology into industries with a continual reliance on imported inputs. This...