Two CEOs from Different Firms in the Same Market Collude

question 197

Multiple Choice

Two CEOs from different firms in the same market collude to fix the price in the market. This action violates the

• A)Clayton Act of 1914.
• B)Sherman Antitrust Act of 1890.
• C)Crandall-Putnam ruling of 1983.
• D)Jackson-Microsoft ruling of 2000.

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Definitions:

Oral Contract

An agreement between parties that is made verbally and is as legally binding as a written contract, though harder to prove.

Medical Services

Services provided by professionals in the healthcare sector, aimed at maintaining or improving individuals' health.

Oral Contract

An agreement that is made verbally and not committed to a written document, though still legally binding under many jurisdictions.

Writing

The representation of language in a textual medium through the use of a set of signs or symbols.