Fact Pattern 16-2
Number One Oil Company sells gas to various gas stations. Number One requires that the gas stations agree that they will not sell gas above a certain maximum price set by Number One. Some of the gas stations are unhappy with the arrangement because they wish to sell gas at any price they choose. Unfortunately for them, other oil companies in the region also impose maximum price restrictions. The station owners begin investigating whether any antitrust violation could be involved.
-Refer to fact pattern 16-2. Which of the following best describes the situation by which Number One Oil Company and other companies impose maximum price restrictions?
A) Horizontal price-fixing
B) Vertical price-fixing
C) Adverse price-fixing
D) There is no antitrust term for the practice.
Correct Answer:
Verified
Q21: The Robinson-Patman Act prohibits:
A) certain price discrimination.
B)
Q42: Fact Pattern 16-2
Number One Oil Company sells
Q43: Fact Pattern 16-1
Patty owns and operates a
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Q46: Fact Pattern 16-1
Patty owns and operates a
Q47: Which of the following is not true
Q48: Which of the following was the result
Q55: Happy City has three distributors of milk
Q56: Which of the following is a component
Q63: What types of price-fixing agreements are considered
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