Question
Asked Nov 19, 2019
3 views

Discuss key Antitrust legislation.

check_circle

Expert Answer

Step 1

The Antitrust legislation involves laws that are introduced for the welfare of consumers. These laws are formulated to protect consumers against unfair business practices and to regulate operation of business firms.

Step 2

Following are the three main antitrust legislations-

 

Step 3
  • The Federal Trade Commission Act

The act is designed to protect consumers by banning unfair and fraudulent trade practices that may lead to high price and poor quality of goods and services sold to the consumers.

T...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Economics

Other

Related Economics Q&A

Find answers to questions asked by student like you

Show more Q&A add
question_answer

Q: Economics Question

A: A public good is a commodity or service provided to society without the motive of earning profit. Th...

question_answer

Q: Number of adults 15,000 Number of adults who are paid employees 8,000 Number of adults who work ...

A: The correct answer to the above-mentioned question is 9.7%.

question_answer

Q: 7. Consider the following cost information for a pizzeria: Q (dozens) Variable Cost Total Cost $ 0 $...

A: The fixed costs are the costs that are incurred even if there is no production. These include the re...

question_answer

Q: The supply of paintings by Leonardo Da Vinci, who painted the Mona Lisa and The Last Supper and died...

A: Paintings of Mona Lisa, Leonardo Da Vinci, and the Last Supper are considered to be luxury goods, as...

question_answer

Q: Quantity Fixed Cost Variable Cost Total Cost Average Variable Cost Average Total Cost Marginal Cost ...

A: The table can be filled as follows.

question_answer

Q: A business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,0...

A: In the short run, a firm will have two types of cost: fixed cost and variable cost.A).Total variable...

question_answer

Q: The economy of a small island nation is based on two​ sectors, agriculture and tourism. Production o...

A: Given two sectors, agriculture (A) and tourism (T), with technology matrix M, output matrix Y, and f...

question_answer

Q: Assume that Jimmy Cash has $ 2,000 in his checking account at Folsom Bank and uses his checking acco...

A: M1 is a measure of money supply which includes cash in hand and coin which are in circulation in the...

question_answer

Q: Suppose demand is given by the equation:  QD = 50 - 5P At what price will total revenue be maximized...

A: When the price is set to be zero, there will be a demand of 50 which means that, the maximum demand ...