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Business in a Free Market Economy 2
Gapfill exercise
Fill in all the gaps, then press "Check" to check your answers. Use the "Hint" button to get a free letter
if an answer is giving you trouble. Note that you will lose points if you ask for hints!
Act an at being but commerce Commission companies enterprises
Federal in laws practices prohibit prohibits protecting protects
regulations rights services States that the to
All freemarket economies, however, keep rights of businesses in check some
degree through laws and that monitor business activities. Such vary from
country to country, they generally encourage competition by small
businesses and consumers from hurt by more powerful, large For
example, in the United the Sherman Antitrust Act, enacted 1890, and the Clayton
Antitrust of 1914 forbid business agreements impede interstate and most
international The Clayton Antitrust Act also against unfair business
practices aimed creating monopolies and guarantees the of labour to challenge
management perceived as unfair. The U.S. Trade Commission Act of 1914
businesses from attempting to control prices of its products or , among other provisions. Other laws mergers that decrease competition within
industry and require large merging to notify the Federal Trade (FTC) for
approval
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