When We Say That in Order to Institute a Lawsuit,a

question 52

Multiple Choice

When we say that in order to institute a lawsuit,a person must first have standing,we mean that

• A)the person bringing the lawsuit must establish that he or she has the right to bring the lawsuit.
• B)the person bringing the lawsuit might be someone who has been wronged.
• C)the person defending the lawsuit must establish that he or she has a good defence to it.
• D)must be able to stand her or his ground during it.
• E)the person bringing the lawsuit must explain to the court what his or her lawsuit is about.

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Definitions:

Federal Trade Commission

A U.S. federal agency responsible for enforcing laws against deceptive or unfair business practices.

Antitrust Conviction

A legal judgment against a company or individual for violating laws intended to prevent anti-competitive behaviour and promote fair market competition.

Monopoly Power

The ability of a single supplier in a market to dictate prices and control output, usually due to the lack of competition.

Sherman Act

A landmark federal statute in the United States antitrust law passed by Congress in 1890 to prohibit monopolies and foster competition.