Which of the following statements is true of unfair trade practice acts?
A)They prohibit any firm from selling to two or more different buyers.
B)Unfair trade practice laws prevent oligopoly leaders from joining together and fixing prices at the highest rates that a market will allow.
C)They establish penalties for companies that engage in predatory pricing.
D)State enforcement of unfair trade practice laws has been lax partly because low prices benefit local consumers.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is true of unfair trade practice acts?
A)They prohibit any firm from selling to two or more different buyers.
B)Unfair trade practice laws prevent oligopoly leaders from joining together and fixing prices at the highest rates that a market will allow.
C)They establish penalties for companies that engage in predatory pricing.
D)State enforcement of unfair trade practice laws has been lax partly because low prices benefit local consumers.

Which of the Following Statements Is True of Unfair Trade