Introductory Business Law CLEP Prep Practice Exam

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Prepare for the CLEP Business Law Exam with flashcards and multiple-choice questions. Each question comes with hints and explanations to help you succeed. Master the content and pass your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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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.