Examlex
Which of the following statements is incorrect?
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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