Section 4

Question 0

Antitrust legislation

Answer 0

Defines monopolies and gives government the power to control them.

Question 1

Regulation

Answer 1

Is a set of rules or laws designed to control business behavior.

Question 2

Trust group

Answer 2

Is a group of firms combined in order to reduce competition in an industry.

Question 3

Merger

Answer 3

Is the joining of two firms to form a single firm.

Question 4

Price fixing

Answer 4

Occurs when businesses agree to set prices for competing products.

Question 5

Market allocation

Answer 5

Occurs when competing businesses divide a market amongst themselves.

Question 6

Predatory pricing

Answer 6

Occurs when businesses set prices below cost for a time to drive competitors out of a market.

Question 7

Cease and desist order

Answer 7

Requires a firm to stop an unfair business practice.

Question 8

Public disclosure

Answer 8

Is a policy that requires business to reveal product information.

Question 9

Deregulation

Answer 9

Reduces or removes government control of business.