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12 Cards in this Set
- Front
- Back
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interstate commerce
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is business that takes place between states.
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interastate commerce
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is business that takes place within states
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monopoly
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occurs when a company controls an industy or is the only one to offer a product or service.
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oilopoly
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occurs when a small number of companies control an industy.
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trust
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is a grouop of companies that band together to form a monoploy and cut out competition
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antitrust laws
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allow the federal government to break up monopolies, regulate them, or take control of them.
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contract
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is a legally enforceable agreement between towo or more parties
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breach of contract
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occurs when one party fails to live to the trems of a contract
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copyright
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gives artists the legal right to own their creations.
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patent
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is a legal grant grant for the sole right to own an invention.
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trademark
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is a name a symbol or a characteristic that identifies a product.
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revenue
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is the income that government get from all soures
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