In the Utah Pie Case, the Economic Effect of the Supreme

question 65

Multiple Choice

In the Utah Pie case, the economic effect of the Supreme Court decision was to:

• A) prohibit the merger of two small pie companies.
• B) encourage competition by ruling that the national competitors had engaged in illegal price discrimination.
• C) encourage competition by ruling that the national competitors had not engaged in illegal price discrimination.
• D) discourage competition by national competitors in the Salt Lake City market.

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Definitions:

Gasoline

A liquid fuel derived from petroleum, primarily used as a fuel in internal combustion engines.

Complements

Goods or services that are used together, where the use of one increases the value or demand of the other.

OLED TVs

Televisions that use Organic Light-Emitting Diode technology to create images, known for their high contrast ratios and deep blacks.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable on another while holding everything else constant.