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Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition by Marianne Jennings
Edition 3ISBN: 978-1305117457Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition by Marianne Jennings
Edition 3ISBN: 978-1305117457 Exercise 12
A group of competitors has agreed to put a limit on price increases and all charge the same amount. Which of the following statements is true?
A) The competitors have engaged in price-fixing.
B) The competitors are not engaged in price-fixing because they are limiting price increases and that favors competition.
C) The competitors are engaged in vertical price-fixing.
D) Competitors who make price agreements are subject to a rule-of-reason standard.
A) The competitors have engaged in price-fixing.
B) The competitors are not engaged in price-fixing because they are limiting price increases and that favors competition.
C) The competitors are engaged in vertical price-fixing.
D) Competitors who make price agreements are subject to a rule-of-reason standard.
Explanation
Verified
Verified
• The option "B" is not correct because ...
Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition by Marianne Jennings
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