If There Is No Direct Evidence of an Agreement to Manipulate

question 79

Multiple Choice

If there is no direct evidence of an agreement to manipulate the competitive market between two CEOs,a prosecutor may use their calendars and subsequent actions that were not in the usual course of business as circumstantial evidence to prove the _______ requirement of an antitrust violation.

• A) price-fixing
• B) vertical restraint
• C) horizontal restraint
• D) meeting-of-the-minds

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Definitions:

Fixed Costs

Costs that do not change with the amount of goods or services produced by a business over a certain period, such as rent, salaries, and insurance premiums.

Total Revenue

Total Revenue is the total amount of money received by a company for goods sold or services provided during a certain time period.

Total Cost Of Production

The overall expense incurred in manufacturing a product, including the costs of material, labor, and overhead.

Economic Losses

Financial losses experienced by a business or economy, often resulting from unfavorable business conditions or the production of goods for which the cost exceeds the revenue.