Cicily Bridgeport and Collin Wilson Own Northeastern Galleries and Upper

question 53

Multiple Choice

Cicily Bridgeport and Collin Wilson own Northeastern Galleries and Upper West Galleries,respectively.For artists displaying paintings in their galleries,Cicily and Collin charge a 22% commission for any sales made.Cicily and Collin have always charged 22%,but there is a slump in sales.When Cicily meets Collin at a Met event,she suggests,"Collin,let's both go to 25%.What can they do if we both charge 25% and we can earn enough to make up for the market downturn." Cicily:

• A)has committed a per se violation of the Sherman Act.
• B)has committed a per se violation of the Clayton Act.
• C)has agreed to a group boycott.
• D)none of the above

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Definitions:

Paleontology

The scientific study of life that existed prior to, and sometimes including, the start of the Holocene Epoch (approximately 11,700 years ago). It involves the examination of fossils to understand the processes of evolution and the history of life on Earth.

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Organisms that inhabit the saltwater environments of oceans and seas.

Nicolaus Steno

A pioneering geologist and bishop in the 17th century, known for laying the foundational principles of stratigraphy, the study of rock layers and layering.

Stratigraphy

The study of layering in rock (stratification).