State-regulated economic models discourage price-fixing and collaboration among competitors, especially when a government actually prohibits competition between firms

Indicate whether the statement is true or false

FALSE

Business

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Cowland, Inc. manufactures a low-cost generic cheese alternative. It adds a filler to the meat that it does not list on its label. Cowland's actions violate federal requirements relating to the labeling of food products. These requirements are enforced by

a. the U.S. Food and Drug Administration and the U.S. Department of Agriculture. b. the Fair Labeling Authority within the Department of Commerce. c. the CPSC's rules against deceptive advertising. d. Regulation Z.

Business

The local cheese vendor offers to sell Taco Loco 200 pounds of cheese for these three products. Taco Loco should:

A) refuse to buy any cheese. B) buy less than 80 pounds of cheese for $1.45 per pound. C) buy 46 pounds or less of cheese for $1.45 or less. D) buy at least 126 pounds of cheese for $5.33 or less.

Business