Examlex
All of the following statements are true EXCEPT:
Vertical Maximum Price-fixing
An arrangement where the manufacturer or a higher level in the supply chain sets a maximum price that retailers cannot exceed in selling a product.
Sherman Act
A landmark federal statute in the field of United States antitrust law passed by Congress in 1890 to prohibit monopolies and restrict business practices that reduce competition.
Convicted
The state of having been declared guilty of a criminal offense by the verdict of a court or jury.
Indirect Purchasers
Buyers who acquire a product or service through an intermediary or secondary market, rather than directly from the producer.
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