States Developed Unfair Trade Practice Acts to

question 48

Multiple Choice

States developed unfair trade practice acts to

• A) enforce the Sherman Act that makes bait pricing illegal
• B) prevent oligopoly leaders from getting together and fixing prices at the highest the market will bear
• C) establish penalties for companies that break the Clayton Act by engaging in predatory pricing
• D) make sure that all pricing policies are equitable
• E) protect small,local firms from giant companies that operate efficiently on razor-thin profit margins

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Definitions:

Spearman's Rank Correlation

A non-parametric measure of rank correlation that assesses the strength and direction of association between two ranked variables.

Productivity

The rate at which goods or services are produced, often considered in terms of output per unit of input.

Dexterity

Skill in performing tasks, especially with the hands.

Spearman's Rank Correlation

A nonparametric measure of the strength and direction of association that exists between two variables measured on at least an ordinal scale.