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.
Business
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