Question

difference between monopolistic trade practices and unfair trade practices. ( atleast 4)

Answer 1

The unfair trade consists of using various deceptive, unethical methods or fraudulent methods to obtain business.They include,false advertisingtied sellingmisinterpretation

While monopolistic business is the maintaining of the prices of goods or charges for the services at unreasonable level by limiting, reducing or otherwise controlling the production, supply or distribution of goods and servicesIt also involves unreasonable preventing or lessening competition in the manufacture.Its a practice deemed to be prejudicial to the public interest unless authorized by law.