A Law That Prohibits Certain Kinds of Market Behavior Such

question 134

Multiple Choice

A law that prohibits certain kinds of market behavior such as monopoly and monopolistic practices is called

• A) a consumer surplus law.
• B) a trust law.
• C) an antitrust law.
• D) an anti-monopoly law.

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Definitions:

Collection Process

The steps taken by creditors or agencies to recover debts owed by individuals or businesses, often involving contacting the debtor, negotiating payment plans, and possibly legal action.

Demand Instrument

A financial document or instrument that requires payment of a particular sum of money immediately or on demand by the entitled party.

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate, issued by a bank to a depositor.

Bank

A financial institution licensed to receive deposits and make loans, offering various other financial services.