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Meatpacking industry

The businesses involved in slaughtering animals (like cattle, hogs, and chickens) and processing their meat into products for sale.

Market concentration

A situation where a small number of companies control a large share of sales or production in a particular market, reducing competition.

Covered meatpacking enterprise

A large company involved in meatpacking, as defined by rules set by the Federal Trade Commission, that would be subject to this bill's regulations.

CR4

A measure of market concentration that adds up the total market share of the four largest companies in a specific industry.

HHI (Herfindahl-Hirschman Index)

A common measure used to gauge market concentration by summing the squares of the market shares of all firms in a market. A higher HHI indicates a less competitive market.

Divestiture

The act of selling off assets, subsidiaries, or parts of a company, often required by government to prevent monopolies or reduce market dominance.

Structural separation

Breaking up a large company into smaller, independent businesses to increase competition.