Which of the following statements is true of unfair trade practice acts?
a.
State enforcement of unfair trade practice laws has been lax partly because low prices benefit local consumers.
b.
They establish penalties for companies that engage in predatory pricing.
c.
They prohibit any firm from selling to two or more different buyers.
d.
Unfair trade practice lawsprevent oligopoly leaders from joining together and fixing prices at the highest rates that a market will allow.
Answer: a.
State enforcement of unfair trade practice laws has been lax partly because low prices benefit local consumers.