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Practices Carried Out by Two or More Firms, Such as Price

Question 9

Multiple Choice

Practices carried out by two or more firms, such as price fixing, which restrict competition in a market:


A) were first outlawed in the Clayton Act of 1914.
B) are classified as combinations or conspiracies in restraint of trade.
C) are illegal in most states but are allowed by the federal government.
D) are of little concern since most markets where this could occur are regulated.

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