Price Fixing

question 128

Multiple Choice

Price fixing

• A) always is a violation of the law.
• B) is allowed only if otherwise a firm would go bankrupt.
• C) is one of the business practices prohibited by the Clayton Act.
• D) is a violation of the law only when it is combined with predatory pricing.
• E) is legal if the businesses have received prior clearance from the Justice Department.

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Definitions:

Surplus

The amount of an asset or resource that exceeds the portion that is utilized.

Pennsylvania System

A penal system based on solitary confinement and rehabilitation of the prisoner.

General Contractor

A principal contractor who is responsible for the execution, completion, and day-to-day oversight of a construction project.

Lien Rights

Legal claims or rights against a property that are created to secure payment of a debt or performance of an obligation.