The Use of Ethical Standards to Avoid Restrictions on Price

question 102

Multiple Choice

The use of ethical standards to avoid restrictions on price fixing is

• A) a violation of the Sherman Act.
• B) illegal per se under the Clayton Act.
• C) legal as long as relative-value scales are used.
• D) legal for services.
• E) only allowed for healthcare products.

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Definitions:

Rules of Ethics

Rules of Ethics are guidelines designed to help professionals conduct their business in a morally sound manner, often specific to a particular profession.

Paralegal

A legal professional who assists attorneys in the delivery of legal services, including conducting legal research, preparing documents, and managing cases, but who is not licensed to practice law.

Closing Arguments

Closing arguments are the final statements made by attorneys to the jury or judge summarizing the evidence and attempting to persuade them to support their case.

Attorneys

Licensed legal professionals who represent and advise clients in both civil and criminal matters.