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Chapter 7.1 - Legal Aspects of Business

Across
Situation created when only one company provides a product or service without competition from other companies.
Forbids corporations from aquiring ownership rights of other corporations in order to form monopolies.
The number of similar products that will be offered for sale at a particular time and at a particular price.
This law made unfair or deceptive acts or practices, including false advertising, unlawful.
Administers most of the laws dealing with fair competition.
The number of similar products that will be bought at a given time at a given price.
Setting different prices for different consumers.
Type of monopoly that usually involves providing public services, such as public utilities, which have a fairly stable demand and are costly to create.
Discourages monopolies by outlawing certain business agreements.
Legal term for when a person or business cannot repay their outstanding debts.
Down
Rivalry among sellers for consumers'dollars.
Amended a portion of the Clayton Act dealing with the pricing of goods to prevent price discrimination.
Advertising that is misleading in a material respect or in any way that could influence the customer's purchase or use of the product.
The action of buying and selling goods or services, bartering.