If an Activity Is Deemed as Illegal Per Se,proof of the Activity

question 41

True/False

If an activity is deemed as illegal per se,proof of the activity is proof of a violation and proof that it is in restraint of trade.

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Definitions:

Operating Income

Profit realized from a business's core operations, excluding deductions of interest and taxes.

Income Tax Rate

The percentage of income that is paid to the government as tax.

Gain on Sale

The profit realized from the sale of an asset when it is sold for more than its carrying amount on the company's books.

Operating Income

The profit realized from a business's core operations, calculated by subtracting operating expenses from gross income.