In 2012,the Top 5 Percent of U

question 40

Multiple Choice

In 2012,the top 5 percent of U.S.households received incomes in excess of

• A) $5 million.
• B) $1 million.
• C) $500,000.
• D) $250,000.
• E) $200,000.

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Definitions:

Exclusive Dealing Agreement

A contract between a seller and buyer in which the buyer agrees to purchase all of a particular product from the seller, excluding competitors.

Significant Anticompetitive Effect

Actions or agreements that significantly reduce competition in a market, in violation of antitrust laws.

Clayton Act Violations

Infractions of the Clayton Antitrust Act, a U.S. law designed to prevent anticompetitive practices and promote fair competition in the marketplace.

Conglomerate Merger

A conglomerate merger is the combination of two or more companies engaged in entirely different business activities, usually to diversify product lines and decrease risk.