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Rudy and Ritchie Ling ran a camp this summer for children in their neighborhood.Rudy spent $135 on supplies and earned $250 before expenses.Ritchie spent $140 on supplies and made $210 before expenses.What is the combined revenue for the two brothers?
Vertical Merger
A combination of two or more companies at different stages of production or distribution in the same industry.
Price-Fixing Arrangement
An agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, thereby manipulating market conditions.
Price Fixing
An illegal agreement among competitors to fix prices at a certain level rather than allowing them to be determined by free market forces.
Clayton Act
The Clayton Act is a U.S. antitrust law enacted in 1914, aimed at promoting competition and preventing monopolies.
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