In Part, an Antitrust Laws

question 97

Multiple Choice

In part, an antitrust laws

• A) provide for strict product liability.
• B) prohibit charging prices that customers think are too high.
• C) require firms with profits to pay dividends.
• D) prohibit monopolistic practices.

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Definitions:

Disaffirm

The act of rejecting, denying, or voiding a contract or agreement, especially one entered into by a minor or under conditions that render it voidable.

Age Of Majority

The legal age at which an individual is considered legally competent to consent to contracts and manage personal affairs; varies by country, generally 18 or 21 years old.

Emancipated

Refers to a minor who has been legally freed from control by their parents or guardians, obtaining adult rights and responsibilities.

Legal Capacity

The ability of an individual or entity to enter into legally binding contracts, subject to age, mental competency, and other legal qualifications.