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7-4 vocabulary jw Test

Enter the letter for the matching Answer
incorrect
1.
Occurs when businesses set prices below cost for a time to drive competitors out of a market
incorrect
2.
Defines monopolies and gives government the power to control them.
incorrect
3.
a policy that requires businesses to reveal product information
incorrect
4.
A set of rules or laws designed to control business behavior
incorrect
5.
Requires a firm to stop an unfair business practice.
A.
predatory pricing
B.
cease and desist order
C.
Antitrust legistration
D.
Regulation
E.
Public disclosure
Type the Answer that corresponds to the displayed Question.
incorrect
6.
Occurs when competing businesses divid a market amongst themselves.
incorrect
7.
A group of firms combined in order to reduce competition in an industry.
incorrect
8.
Occurs when businesses agree to set prices for competing products.
incorrect
9.
The joining of two firms to form a single firm.
incorrect
10.
reduces or removes government control of business

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Created by: joannw15
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