Introductory Business Law CLEP Prep Practice Exam

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Prepare for the Introductory Business Law CLEP Exam with our comprehensive quiz, designed to cover essential legal concepts and practices. Study effectively and boost your chances of success!

Practice this question and more.

What type of law represents laws that prevent people from competing unfairly to gain a business advantage?

Competition Law
Investment Law
Financial Regulation Law
Antitrust Law

The correct answer is: Antitrust Law

Antitrust law specifically addresses and prohibits unfair business practices that aim to eliminate competition and gain an unfair advantage in the market. B and C are not specific to competitive practices, while A is a broad term that may also refer to other types of competition outside of business. Therefore, the best choice is D - Antitrust Law.