Mtdm deca exam Study guides, Class notes & Summaries
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MTDM DECA EXAM
- Other • 10 pages • 2023
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Agency relationship - Answer- The agent has authority to act on behalf of the principal. 
Ex. Josh is a small business owner who hires a lawyer to represent him in court. Josh is the principal, the lawyer is the agent. 
 
Representative - Answer- A person elected to represent the people 
 
Which business is most likely to vioate antitrust laws if it insists on an exclusive dealing agreement? - Answer- A firm with dominant market power. Dominant firms may be held to a higher standard under antitr...
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MTDM DECA Exam 2023 with 100% correct answers
- Exam (elaborations) • 13 pages • 2023
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Agency relationship 
The agent has authority to act on behalf of the principal. 
Ex. Josh is a small business owner who hires a lawyer to represent him in court. Josh is the principal, the lawyer is the agent. 
 
 
 
Representative 
A person elected to represent the people 
 
 
 
Which business is most likely to vioate antitrust laws if it insists on an exclusive dealing agreement? 
A firm with dominant market power. Dominant firms may be held to a higher standard under antitrust laws b/c of the...
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