In Leegin Creative Leather Products V

question 325

Multiple Choice

In Leegin Creative Leather Products v. PSKS, a maker of leather goods would not sell to stores that would not follow its pricing policy (resale price maintenance) . The Supreme Court held that:

• A) all vertical price fixing subject to a rule of reason
• B) vertical price fixing of maximum retail prices was illegal
• C) vertical price fixing may injure the ability of sellers to compete so is generally illegal
• D) vertical price fixing may cause dealers to be able to furnish more services in an anticompetitive manner
• E) none of the other choices

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Definitions:

North American

Of or relating to the continent that includes Canada, the United States, Mexico, and the countries of Central America.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, transforming agriculture-based societies into industrialized and urban ones.

Raw Materials

Basic materials that are used in the production of goods, finished products, or intermediate materials that are feedstock for future finished products.

Cheap Labor

The employment of workers at wages that are considered lower than the norm for their industry or region.