Examlex
The right to be heard is one of the four ethical standards made into a legal right by the 1962 Consumer Bill of Rights.
The Antitrust Division
A section of the government responsible for promoting and maintaining market competition by preventing anti-competitive practices.
Price Discrimination
A pricing strategy where a seller charges different prices for the same product or service to different buyers, not based on costs.
Basic Economy
A term often used in the airline industry referring to the most cost-effective and no-frills class of service available to passengers.
Sherman Antitrust Act
A landmark federal statute passed in the United States in 1890 that prohibits monopolistic business practices and supports competitive markets.
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