What Prohibits the Sale of a Product at a Price

question 64

Multiple Choice

What prohibits the sale of a product at a price that is higher than the advertised price?

• A) a voluntary agreement between the offending party and the Competition Bureau
• B) a penalty carrying a maximum 14-year jail sentence and/or fine of $25 million
• C) a criminal provision of the Competition Act
• D) a civil provision of the Competition Act

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Definitions:

Confidence Interval

A set of values from sample statistics expected to cover the value of a not-yet-known population parameter.

Unbiased Estimator

A statistical estimator that is expected to equal the true parameter of the population being studied.

Consistent Estimator

A statistical property where an estimator of a parameter tends to converge to the true parameter value as the sample size increases.

Variance

A measure of variability that quantifies the spread of a set of data points around the mean.