Asked by
Miguel Jauregui
on Dec 13, 2024
Verified
Protecting competition is the primary aim of which of these?
A) Lanham Act
B) Federal Trade Commission Act
C) Fair Trade Act
D) Unfair Practices Act
E) Sherman Antitrust Act
Protecting Competition
Efforts and regulations put in place to ensure fair competition among businesses within a market, preventing monopolies and fostering innovation.
Federal Trade Commission Act
A United States law established in 1914 to promote competition and protect consumers from anticompetitive practices, deceptive advertising, and unfair business practices.
Sherman Antitrust Act
An 1890 U.S. law aimed at promoting fair competition by prohibiting monopolies and other activities that restrict trade.
- Apprehend the objectives and effects of federal statutes on competitive business practices, such as the Clayton Act, Sherman Antitrust Act, and Robinson-Patman Act.
- Pinpoint the economic and regulatory elements influencing the marketing ecosystem, including antitrust statutes and consumer protection laws.
Verified Answer
MA
Learning Objectives
- Apprehend the objectives and effects of federal statutes on competitive business practices, such as the Clayton Act, Sherman Antitrust Act, and Robinson-Patman Act.
- Pinpoint the economic and regulatory elements influencing the marketing ecosystem, including antitrust statutes and consumer protection laws.