The USDepartment of Justice Files a Suit Against Random House, Inc

question 7

Multiple Choice

The U.S.Department of Justice files a suit against Random House, Inc., and other major book publishers, charging that they conspired to fix the prices of e-books.One result of limiting e-book price competition is that consumers

• A)pay more for e-books than they otherwise would have paid.
• B)pay less for e-books than they otherwise would have paid.
• C)have fewer choices of books to buy.
• D)have more choices of books to buy.

---

Definitions:

Income Distribution

The way in which a nation’s total earnings are divided among its population.

Bill Gates

An American business magnate, software developer, and philanthropist known for co-founding Microsoft Corporation, one of the world's most valuable technology companies.

Warren Buffett

An American investor, business tycoon, philanthropist, and the chairman and CEO of Berkshire Hathaway, known for his successful investment strategies and one of the richest people in the world.

Billionaires

Individuals whose net worth or wealth is equal to or exceeds one billion units of a currency, often reflecting significant economic influence or power.