When Firms Divide a Region into Territories, and Each Firm

question 110

Multiple Choice

When firms divide a region into territories, and each firm agrees not to compete in the territories of others, it is illegal and is called:

• A) a group boycott.
• B) a tying arrangement.
• C) a division of markets.
• D) price fixing.

---

Definitions:

Observable Behavior

Actions or reactions of an individual that can be directly seen and measured.

American Psychologists

Professionals based in the United States specializing in the study of cognitive, emotional, and social processes and behavior by observing, interpreting, and recording how individuals relate to one another and their environments.

John B. Watson

An American psychologist who is considered one of the founders of behaviorism, emphasizing the importance of observable behaviors over internal states.

Introspective Study

A research approach focusing on the examination of one's own thoughts and feelings.