It's Always Easier for a Business to Raise Prices Than

question 56

True/False

It's always easier for a business to raise prices than it is to lower them as it will face much less customer dissatisfaction.

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Definitions:

Cease And Desist

A legal order or directive to stop alleged illegal activities.

Federal Trade Commission

A federal agency of the United States established to promote consumer protection and eliminate and prevent anticompetitive business practices.

Horizontal

Often used to describe arrangements or relationships between entities at the same level in a particular market or process.

Per Se Illegal

Activities or agreements that are automatically considered unlawful without the need for further examination of their context or effects.