Mtdm deca exam Study guides, Class notes & Summaries

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...

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...