Gorhan Construction,Brighton Bros

question 38

Multiple Choice

Gorhan Construction,Brighton Bros. ,and Tirenn Construction agreed that on three upcoming projects,Gorhan would bid lowest on one,Brighton would submit the lowest bid on the second project,and Tirenn would submit the lowest bid on the third project.In this way,they would each be assured of work for the upcoming season.This behavior

• A)is legal and acceptable practice in the construction industry to spread work more evenly.
• B)is a per se violation of the Sherman Act.
• C)is a rule of reason violation of the Sherman Act.
• D)violates ethical,but not legal,standards.

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Definitions:

Trademarked Fishing Gear

Fishing equipment that is legally protected against unauthorized use because it bears a distinctive mark, symbol, or name owned by the creator.

Administrative Expenses

Costs associated with the general administration of a business, such as salaries of senior executives and costs of general services.

Franchisee Payment

The financial remuneration a franchisee is required to pay to a franchisor, which may include initial fees, ongoing royalties, and advertising fees.

Business Organization

A legal entity formed to conduct business, which can vary in types such as sole proprietorships, partnerships, corporations, and limited liability companies.