Examlex
The Atlantic City Expressway is a highway that runs from outside Philadelphia to Atlantic City, New Jersey. It is notoriously congested during the summer weekends when many people are driving to the beach about the same time. Because drivers who decide to take this road ignore the impact of their driving on overall traffic congestion the result is ________ cars on the road than the efficient number of cars and a deadweight loss is ________.
Antitrust Laws
Legislation enacted to prevent new monopolies from forming and to break up those that already exist to ensure competition in the marketplace.
Federal Trade Commission
The Federal Trade Commission is a U.S. federal agency established to protect consumers and promote competition by preventing anticompetitive, deceptive, and unfair business practices.
Unfair Practices
Business actions that are dishonest, deceptive, or not in accordance with established legal and ethical standards.
Public Hearings
Formal meetings held by governmental bodies to allow the public to express opinions and provide input on proposed regulations, projects, or decisions.
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