The major factor causing this pleasant result is a simple one: the retained earnings of those non-controlled holdings we discussed earlier have been translated into gains in market value.
造成这个良好结果的主要的因素在于一个简单的事实：我们前面所讨论的非控股公司的存留收益已经转化为市场价值的增长。
Factor supporting antitrust regulation is not enterprise's scale but transaction costs, enough of which will engender serious problems of entry barrier and non-efficiency market power.
支持反垄断规制的不是企业规模，而是交易费用，足够的交易费用会造成严重的进入壁垒问题，进而产生严重的非效率式市场力量和非效率利润。
The premise of the research is the uncertainty as the principal conditions at the complete market, and simultaneously carrying on amendment to the important non-complete market factor.
不足研究的前提是以完全市场下的不确定性条件为主，同时对重要的非完全市场因素进行修正。
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