Fact Pattern 27-1
Pharma Corporation makes and sells QualMed,the most prescribed name-brand blood pressure-lowering medication.Renew Drugs,Inc. ,has the potential to make a generic version of the same drug.
-Refer to Fact Pattern 27-1.Pharma pays Renew not to sell its product.This is

Question

Fact Pattern 27-1
Pharma Corporation makes and sells QualMed,the most prescribed name-brand blood pressure-lowering medication.Renew Drugs,Inc. ,has the potential to make a generic version of the same drug.
-Refer to Fact Pattern 27-1.Pharma pays Renew not to sell its product.This is​

Quizplus · Accepted Answer

This is a price-fixing agreement because Pharma is paying Renew to not sell its generic version, which effectively maintains higher prices for the name-brand drug by eliminating competition.

Fact Pattern 27-1 Pharma Corporation Makes and Sells QualMed,the Most Prescribed Name-Brand Blood