In the Past, "Gentlemen's Agreements" Were Often Used to Avoid

question 197

Short Answer

In the past, "gentlemen's agreements" were often used to avoid competition or to divide up a market so that firms did not have to truly compete against each other. Which consumer right is being violated when companies block competition?
Right to be heard
Right to choose
Right of consumers
Right to safety
Right to competition

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Definitions:

House Style

A set of standards and guidelines used by a publication or organization to ensure consistency in language, formatting, and presentation.

Editorial Style

Guidelines or standards adopted by an organization or publication to ensure consistency in writing style, language, practices, and formatting.

Participant Race

Refers to the racial background of individuals taking part in a study, which can influence outcomes and interpretations, highlighting the need for diversity in research samples.

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