If There Was a Conspiracy to Fix Prices, but the Conspiracy

question 137

Multiple Choice

If there was a conspiracy to fix prices, but the conspiracy did not succeed, the government can still take the conspiring firm to court for improper conduct. This situation would be an example of

• A)the rule of reason.
• B)a cease-and-desist order.
• C)a per se violation.
• D)tying contracts.

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Definitions:

Canned Green Beans

A preserved food product consisting of green beans that are processed and sealed in an airtight container, which can be stored for long periods.

Complements

Products or services that complement each other, resulting in a rise in demand for one causing a corresponding increase in demand for the other.

Substitutes

Goods or services that can replace each other in use, whereby an increase in the price of one leads to an increase in demand for the other.

Quantity Of Zero

A condition where the quantity of a good or service supplied or demanded is zero, often due to a price set below or above the market equilibrium.