[Solved] What is a stereotype? Category: A class or division of items or people with shared characteristics, used for purposes of organization, analysis, or classification. Antitrust Law: Legislation aimed at preventing anti-competitive practices, monopolies, and other actions that restrict or distort market competition. Economic Efficiency: A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency. Chicago School: An economic school of thought advocating for minimal government intervention in markets, emphasizing the importance of free-market principles.