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