| A | B |
|---|
| Exists when only one company provides a product or service without competition from other companies | monopoly |
| causes less efficient companies to struggle for survival | Competitive pricing |
| this ACT prevents competitors from agreeing to set the same selling prices on goods | Sherman Antitrust |
| Records of unpaid debts of a bankrupt firm stay on file for this many years | ten |
| Stealing patents may be an acceptable practice in countries outside of WHERE | United States |
| It is legal to publish copyrighted works if and only if you have THIS | permission |
| trade characters, names, symbols can all be an example of | trademarks |
| require businesses to recall, repair, or stop selling defective products | government agencies |
| are files created by some websites that track customers on the Internet to identify their marketing preferences | cookies |
| the actual tax rate decreases as taxable amount increases | regressive |
| tax rate remains the same regardless of the amount on which the tax is imposed | proportional tax |
| act forbids a business to require buyers to purchase other goods in order to get the product they want from that business | Clayton Act |
| outlaws unfair practices, such as false advertising | Wheeler-Lea Act |
| this country's patents protect inventors/ technology sharing promotion | Japan |
| For the life of the author PLUS 70 years is the length the federal governement grants for literary or artistic work | copyright |
| Regulations that identify where specific types of businesses can be located | zoning |
| % of profits corporations typically pay in various types of taxes | almost 50% |
| Because the sales tax applies to purchases rather than to income, the general sales tax is considered this type of tax | regressive |
| The income tax levied on businesses usually applies | net profits |
| sales tax applied to gasoline and cigarettes | excise tax |
| The largest source of revenue for the federal government | income taxes |
| Protects an inventor for 20 years | patent |
| A distinguishing name, symbol, or mark reserved for the sole use of the one owner | trademark |
| Electronic files of information about the user that some websites create and store on the user’s own computer | cookies |
| Applies to products made in one state and sold in other states | interstate commerce |
| Responsibility for injury arising from wrongful use of data | information liability |
| Selling to customers located in the same state | intrastate commerce |
| Permits a business to use public property for private profit | public franchise |
| Specifies which land areas may be used for homes or businesses | zoning |
| If there is a monopoly then prices would generally be THIS | higher |
