There Are Two Ice Cream Stands at the Same Intersection

question 72

Multiple Choice

There are two ice cream stands at the same intersection.In order to protect their businesses,the two owners agree that they will charge their customers the same prices for an ice cream cone.What type of horizontal restraint is this?

• A) Boycott.
• B) Price-fixing.
• C) Market allocation.
• D) This is not a horizontal restraint.

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Definitions:

Somatic

Relating to the body, especially as distinct from the mind.

Peripheral

Relating to or situated on the edge or periphery of something; often used to describe things that are not of primary importance.

Sympathetic

Pertaining to the sympathetic nervous system, part of the autonomic nervous system that activates the body's "fight or flight" response.

Peripheral Nervous System

Part of the nervous system outside the brain and spinal cord, responsible for connecting the central nervous system to the rest of the body.