5.07 Quiz: The Government Is A Referee Part 2

Question: What is one effect of the profit motive?

Answer: It pushes companies to seek to eliminate competition.

Question: What unfair business practice do cartels use?

Responses

Answer: price fixing

Question: Which is an example of bid rigging?

Answer: A defense contractor gets its competitors to agree not to seek government work.

Question: What is one drawback to consumer-protection regulations

Answer: higher prices for consumers

Question: What is one way that consumer-advocacy groups help protect consumers?

Answer: by providing product information

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