Back in 2010,new Laws Came into Effect That,unfortunately,made It More

question 58

True/False

Back in 2010,new laws came into effect that,unfortunately,made it more difficult for the Competition Bureau to convict price-fixers.

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Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.

Government Action

Measures and policies implemented by governmental bodies to address societal, economic, environmental, or political issues.

Economic Goods

Items or services that can satisfy human wants and are scarce in relation to their demand, requiring people to make choices about their use.

Pure Market System

is an economic model where prices for goods and services are determined by open market and consumers, without government intervention.