To Be Constitutionally Permissible, an Enabling Statute Must Establish Reasonable

question 56

True/False

To be constitutionally permissible, an enabling statute must establish reasonable standards to guide an agency in implementing the statute. Using a broad phrase such as "fair and equitable" in an enabling statute meets this requirement.

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Definitions:

Upstream Price Discrimination

The practice of varying prices for goods or services at an earlier stage in the supply chain based on different buyers' willingness to pay.

Arbitrage

The practice of buying and selling the same asset in different markets to profit from price differences.

Vertical Integration

A company's expansion into different stages of production or distribution within the same industry, controlling more of its supply chain.

Upstream Price Discrimination

Differential pricing strategy employed before the product reaches the final consumer, often involving wholesalers or distributors.