Answer:
Antitrust laws -------a. offer protection from unlawful anticompetitive practices
Antitrust laws of protection laws are developed by the U.S government to ensure fair competition in business and avoid predatory practices.
Market power-------e. the ability to control the price of a product
Market power refers to the ability of a company to manipulate an item’s price and control its profits.
Monopoly power ------b. a market in which there is a single seller or limited number of sellers
Monopoly power describes a situation in marketing in which a single firm or company is the producer or seller of a product. It is due to lack of competition.
Restraint of trade-------c. agreement between competitors that reduces competition
Restraint of trade occurs when one firm is prevented to do competition. For example two firms agree to fix their prices so that another competitor cannot compete and is made to go out of business.
Monopoly--------d. the ability to dictate how a given market works, including prices, the entrance of competitors, and the exit of competitors
Monopoly in business occurs when one firm has total control of a market and dictates high barriers for other competitors to enter and is the price maker.
