Identify the Following

question 56

Short Answer

Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
- Hunter-gatherers

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Definitions:

Bid Rigging

An agreement among firms to not bid against one another or to submit a certain level of bid.

Price Fixing

A restraint of trade in which two or more competitors agree to set prices for a product or service.

Category

A class or division of items or people with shared characteristics, used for purposes of organization, analysis, or classification.

Antitrust Law

Legislation aimed at preventing anti-competitive practices, monopolies, and other actions that restrict or distort market competition.