Under the Lanham Act, in concert with the Clayton Act:
A. people harmed by deceptive advertising can sue the firm and receive compensation.
B. rival firms are not eligible to sue another firm for false advertising.
C. rival firms are not eligible to sue another firm for false advertising and people harmed by deceptive advertising can sue the firm and receive compensation.
D. government will sue a firm for false advertising.
Answer: A
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What are some reasons why the unemployment rate is typically lower in the United States as compared to Canada and some Western European countries?
What will be an ideal response?
Which of the following reflects diseconomies of scale?
a. Marginal product decreases as output increases. b. Short-run marginal cost increases as output increases. c. Long-run marginal cost increases as output increases. d. Short-run average cost increases as output increases. e. As output doubles, long-run total cost more than doubles.
The primary purpose of antitrust legislation is to
a. protect small businesses. b. protect the competitiveness of U.S. markets. c. protect the prices of American-made products. d. ensure firms earn only a fair profit.
Why is market definition important for economic decision making?
A. Government regulators are interested in knowing the effect of mergers and acquisitions on competition and prices in a particular market. B A firm will define its market in order to maximize revenue. C. A firm is interested in knowing its actual and potential competitors. D. both A and C E. both A and B