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For James Madison, the Problem Associated with a Tyranny of the Majority

question 64

Multiple Choice

For James Madison, the problem associated with a tyranny of the majority was that:


Definitions:

Economic Efficiency

A situation where resources are allocated in such a way that maximizes the production of goods and services, minimizing waste and inefficiency in an economy.

Sherman Act

A landmark federal statute in the U.S. that prohibits monopolistic practices and promotes competition among businesses.

McCarran-Ferguson Act

A U.S. federal law enacted in 1945 that exempts the business of insurance from most federal regulation, leaving regulation primarily to the states.

Robinson-Patman Act

A 1936 U.S. law aimed at preventing anticompetitive practices by producers, specifically addressing price discrimination.

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