7-4 vocabulary jw Word Scramble
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| Question | Answer |
| A set of rules or laws designed to control business behavior | Regulation |
| Defines monopolies and gives government the power to control them. | Antitrust legistration |
| A group of firms combined in order to reduce competition in an industry. | Trust |
| The joining of two firms to form a single firm. | merger |
| Occurs when businesses agree to set prices for competing products. | Price fixing |
| Occurs when competing businesses divid a market amongst themselves. | market allocation |
| Occurs when businesses set prices below cost for a time to drive competitors out of a market | predatory pricing |
| Requires a firm to stop an unfair business practice. | cease and desist order |
| a policy that requires businesses to reveal product information | Public disclosure |
| reduces or removes government control of business | deregulation |
Created by:
joannw15
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