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True/False 1. Vague generalities and obvious exaggerations known as puffery are not considered deceptive advertising practices. 2. The FTC may order counter advertising which requires

True/False 1. Vague generalities and obvious exaggerations known as puffery are not considered deceptive advertising practices. 2. The FTC may order counter advertising which requires a company to stop challenged advertising. 3. All restaurant chains must post the caloric content of menu items per the Affordable Care Act. 4. Per the Truth in Lending Act, a credit card company may retroactively increase interest rates. 5. The Sherman Antitrust Act was authored by the brother of Civil War General William Tecumseh Sherman. 6. Size alone determines whether a firm is a monopoly. 7. The Clayton Act defines price discrimination as the charging of different prices to competing buyers. 8. A crucial consideration in most merger cases is market concentration. 9. The Howey Test is used to interpret the Sherman Act. 10. Insider trading occurs when a person buys or sells securities based on information not available to the public. 11. The tipper/tippee theory prohibits outsiders from taking advantage of certain non-public information. 12. The relationship between a corporation and its shareholders is called incorporated dialogue.

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