CE. 13a Competition and Regulation in the Marketplace

• A news alert interrupted television and radio signals to warn Americans of a terrorist threat. A deaf man was unable to understand the threat because closed captioning was not available on the programming.

• FCC (Federal Communications Commission)

• SEC (Securities and Exchange Commission)

• FTC (Federal Trade Commission)

• An elderly woman received what she thought was a refund check in the mail. She failed to read the fine print on the back of the check which stated that if she cashed the check, she was agreeing to pay a company a monthly fee for services.

• FCC (Federal Communications Commission)

• SEC (Securities and Exchange Commission)

• FTC (Federal Trade Commission)

• A retired teacher had a small savings account. She decided to invest it by purchasing shares of a new company. Soon after, the company went bankrupt, and she lost all her money. She later learned the company was not honest and did not reveal it was already headed for bankruptcy when she made her purchase.

• FCC (Federal Communications Commission)

• SEC (Securities and Exchange Commission)

• FTC (Federal Trade Commission)

A single company tat owns all or nearly all of the market for a given type of product or service. There is no competition, so the result is often high prices and inferior products.

• antitrust

• monopoly

• consumer sovereignty

• competition

Defined as an activity involving two or more firms, in which each firm tries to get people to buy its own goods in preference to the other firm's goods.

• monopoly

• antitrust

• competition

• consumer sovereignty

A kind of legislation to prevent monopolies from forming, with the hopes of promoting competition in business.

• monopoly

• antitrust

• consumer sovereignty

• competition