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Is the establishment of a monopoly an unfair business practice?
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What unfair business practice do cartel use?
price fixing
What are laws and regulations designed to protect trade and commerce from unfair business practice?
Antitrust
Aim of the government regulation of business?
One of the main reason is to stop state competition (USA) and the other may be to stop monopoly or unfair competition.
What made a monopoly illegal under the Shehan anti-trust act?
The law itself which was designed to protect consumers from collusion and unfair business practices by corporations.
What was reason government officials ignored unfair business practice?
some companies paid them money to ignore these problems
How did business leader earn the nickname robber barons?
People accused them of using unfair business practices.
Who wrote about unfair practice in the oil industry?
Muckrakers
How would you describe unfair trade practice laws?
These laws involve various types of business competition, especially with reference to trademarks, price maintenance, and price discrimination.
Difference between unfair trade practice and restrictive trade practice?
Unfair trade practice" as per Section 2(r) means a trade practice which, for the purpose of promoting the sale, use or supply of any goods or for the provision of any service, adopts any unfair method or unfair or deceptive practice, while "restrictive trade practice" means a trade practice which tries to manipulate the price or conditions of delivery to affect flow of supplies in the market relating to goods or services in such a manner as to impose on the consumers unjustified costs or restrictions [as per section 2(nnn)].
What effect antitrust laws have on the consumer and the producer when these laws break up a monopoly?
Anti trust laws keep the consumer safe from unfair business practices such as price setting and monopolies. It keeps the produce honest and providing good business while these laws cannot always break up monopolies they can if proved in court.
What is the practice of being treated unfair and unequal towards a particular group?
Discrimination
Watchdog agency given the power to stop unfair business practices?
Better Business Bureau
