Examlex
If the state of Minnesota established a price floor in the market for pumpkins that was double the current market-clearing price,this would lead to an inefficient number of pumpkins sold in Minnesota.
Cease and Desist Order
A legal order issued by a court or government authority demanding that an individual or organization stop a specified activity immediately.
Federal Trade Commission
A US government agency responsible for protecting consumers and ensuring fair competition by preventing anticompetitive, deceptive, and unfair business practices.
Exclusive Dealing
A business agreement in which a distributor or retailer agrees to sell only the products of one company, excluding competitive products.
Monopolistic Practice
Refers to the actions or strategies by a company that has significant market power to manipulate the market to its advantage, often at the expense of competitors and consumers.
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