A firm that practices resale price maintenance
a. has incentive to reduce competition between its retailers. Resale price maintenance can lead to more service.
b. has incentive to reduce competition between its retailers. Resale price maintenance cannot lead to more service.
c. has no incentive to reduce competition between its retailers. Resale price maintenance can lead to more service.
d. has no incentive to reduce competition between its retailers. Resale price maintenance cannot lead to more service.
c
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Although the McNary-Haugen bill never became law, it was widely discussed during the 1920s. Which of the following was NOT a provision of the bill?
a. government purchase of crops in order to raise agricultural prices b. government sale of excess crops on the world market c. payment for the program through capital gains taxes on business d. high tariffs on agricultural imports e. All of the above were provisions of the McNary-Haugen Bill.
The U.S. distribution of income was more unequal in 1990 and 1980 than in 1970
a. True b. False Indicate whether the statement is true or false