What Should You Do If Your Identity Is Stolen

question 101

Multiple Choice

What should you do if your identity is stolen?

• A)contact the fraud departments of each of the 3 major credit bureaus
• B)ignore the problem and hope that it will go away
• C)close all of your accounts and do not say anything to anyone
• D)pay all the charges for which you are billed,even if they are not yours,so you can keep your credit accounts
• E)all of the answers

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Definitions:

Sherman Antitrust Act

A United States antitrust law that outlaws all contracts, combinations, and conspiracies that unreasonably restrain interstate and foreign trade.

Monopolies

Market structures characterized by a single seller who has exclusive control over the supply of a good or service, often leading to higher prices and reduced competition.

Antitrust Policy

Regulations and laws designed to promote competition and prevent monopolies by restricting business practices that could limit market accessibility.

Monopoly Power

The ability of a firm to set or influence prices within a market because it is the sole supplier of a product or service.