Laws that seek to prevent certain practices that might reduce competition and thus increase prices are called ________.

A. contract laws
B. consumer laws
C. antitrust laws
D. tax laws


Answer: C

Business

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Benchmarking allows a company to

a. identify its strengths and weaknesses. b. imitate those ideas that are readily transferable. c. improve on methods in use by others. d. all of the above.

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When a firm wants to inventory demand via a reservation system and has insufficient capacity it should lower prices selectively

Indicate whether the statement is true or false

Business

Non-negativity constraints belong to an integer programming model, but not necessarily to a linear programming model

a. True b. False

Business

Long-term care insurance provides money to help pay for nursing home and home health care expenses

Answer: TRUE

Business