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Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457Economics for Today 7th Edition by Irvin Tucker
Edition 7ISBN: 978-1133154457 Exercise 2
Officers of five large building-materials companies meet and agree that none of them will submit bids on government contracts lower than an agreed-upon level. This is an example of
A) price-fixing.
B) vertical restriction.
C) a tying contract.
D) an interlocking directorate.
A) price-fixing.
B) vertical restriction.
C) a tying contract.
D) an interlocking directorate.
Explanation
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Verified
The officers of the five large building ...
Economics for Today 7th Edition by Irvin Tucker
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