Antitrust Laws Are Designed to

question 32

Multiple Choice

Antitrust laws are designed to

• A) promote monopoly practices.
• B) promote competition.
• C) increase prices.
• D) decrease output.
• E) promote awareness of government programs.

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Definitions:

Run Test

A test used to examine the points in a control chart to see if non-random variation is present.

Control Chart

A statistical tool used to analyze the stability of processes and monitor if they are in control by plotting data over time.

Acceptance Sampling

A statistical quality control method that involves inspecting a random sample of goods to decide whether the entire batch meets specified criteria.

Predetermined Standards

Benchmarks or criteria established before the start of a process or project to guide performance and outcomes.