Examlex
Erving Goffman coined this term to refer to a place where people are cut off from the rest of society and come under almost total control of those who run the place.
Monopoly Power
Monopoly power refers to the ability of a monopoly (a single supplier of a product or service) to dictate terms and prices to its favor because no competition exists.
Unfair Advertising
Marketing practices that mislead or deceive the consumers, creating a false impression of the product or service.
Federal Trade Commission
A U.S. federal agency responsible for enforcing antitrust laws and protecting consumers from deceptive or unfair business practices.
Sherman Act
The federal antitrust law of 1890 that makes monopoly and conspiracies to restrain trade criminal offenses.
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