Laws Enacted to Preserve Competition and Prevent the Concentration of Economic

question 6

Multiple Choice

Laws enacted to preserve competition and prevent the concentration of economic power in one or a firms are commonly called:

• A) business practice laws
• B) criminal laws
• C) contract laws
• D) antitrust laws
• E) tort laws.

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Definitions:

Normal Curve

A symmetrical bell-shaped curve that represents the distribution of many types of data where most values cluster around a central mean.

Standard Deviation

Standard deviation is a statistic that measures the dispersion of a dataset relative to its mean and is used to quantify the amount of variation or dispersion of a set of data values.

Raw Scores

The initial, unadjusted scores obtained directly from tests or assessments before any normalization or conversion.

Test-retest Reliability

A measure of the consistency and stability of test results over repeated administrations under similar conditions.