Price-fixing:
A. is prohibited by Section 7 of the Clayton Act.
B. is a per se violation of the antitrust laws.
C. may be either legal or illegal depending on whether or not it produces above-normal profits.
D. is illegal under terms of the Federal Trade Commission Act.
Answer: B
Economics
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The higher the nominal interest rate, the
A) greater the opportunity cost of holding money. B) lower the quantity of money demanded. C) more the demand for money curve shifts leftward. D) Both answers A and B are correct.
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In the above figure, an unattainable point is
A) a. B) e. C) g. D) f.
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