Abeka Economics Reading Quiz H

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Selling the same type of goods at different prices to different buyers is a practice known as what?

Price discrimination

The Federal Trade Comission was created to investigate trade practices.

True

What is a collusion of businesses which join together to restrict or eliminate competition?

Trust

What forces a consumer to buy a certain product before he can buy the product he really wants?

Tying contract

The Clayton Act of 1914 was the first and most important antitrust law.

False


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