The FTC Has Issued Three Policy Statements Addressing the Meaning

question 58

Multiple Choice

The FTC has issued three policy statements addressing the meaning of unfairness and has provided that an injury is unfair if:

• A)when applying a cost-benefit analysis to the situation, the costs are lower than the benefits to consumers or competition.
• B)it is substantial and not outweighed by any benefits to consumers or competition.
• C)it is one that consumers themselves could not reasonably have avoided.
• D)Both (a) and (b) are correct.
• E)Both (b) and (c) are correct.

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Definitions:

Nonfuel Mineral Resources

Minerals found in the Earth's crust that are used for everything except fuel, such as metals, stone, and industrial minerals like gypsum and salt.

Metamorphic Rock

Rock that has been transformed by heat, pressure, or chemical processes from its original state into a new form.

Anthracite

A hard, compact variety of coal that has a high luster and carbon content.

Slate

Slate is a fine-grained metamorphic rock that can be split into thin layers, often used for roofing, flooring, and historical writing tablets.