Which of the Following Prohibits Unfair and Deceptive Acts and Practices

question 100

Multiple Choice

Which of the following prohibits unfair and deceptive acts and practices regardless of whether competition is injured?

• A)Lanham Act
• B)Wheeler-Lea Amendment
• C)National Advertising Review Council
• D)Pure Food and Drug Act
• E)Magnuson-Moss Warranty

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Definitions:

Market Structure

The organizational and other characteristics of a market that influence the nature of competition and pricing.

Oligopolistic Industry

A market structure dominated by a small number of large firms, leading to limited competition and potentially higher prices for consumers.

Coca-Cola

A carbonated soft drink brand that is recognized worldwide, known for its secret formula and wide range of flavors.

Pepsi

A popular carbonated soft drink manufactured by PepsiCo.