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Tim has been approached by Kent regarding Tim's credit card bill payment.Kent is aware of Tim's debt, and says he has come on behalf of the bank he owes to get assurance from Tim that he will repay the credit bill within a specific period of time.Kent is an outside agent who does not work for the bank.Which of the following legislations has the bank violated by contracting Kent to contact Tim?
Competitive Market
A market structure characterized by a large number of buyers and sellers, where no single party can dictate prices or terms of trade.
Government Antitrust
Regulatory actions and laws implemented by the government to promote competition and prevent monopolies and other practices that restrain trade.
Price Setting
The process by which a company decides on the selling price of its products or services.
Identical Products
Goods that are exactly the same in every feature and aspect, making them perfect substitutes for one another.
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