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Soft music and dim lighting in a restaurant generally lead consumers to slow down, stay in the restaurant for a longer time, and buy more drinks and dessert. In this case, the tendency of the diners to spend more time and money can be best explained by the _____.
McCarran-Ferguson Act
A United States federal law that exempts insurance businesses from most federal regulation, allowing states to regulate the insurance industry.
Antitrust Legislation
Laws designed to promote fair competition and prevent monopolies, conspiracies, and other situations that restrain trade.
Judicial Law
Laws created by judges through court decisions and interpretations rather than those enacted by legislative bodies.
Statutory Law
Laws that are written and enacted by legislative bodies, distinguishing them from common law or regulations enacted by executive agencies.
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