An Example of a Nondurable Good Is

question 254

Multiple Choice

An example of a nondurable good is

• A) items purchased at a grocery store.
• B) a refrigerator.
• C) the purchase of labor for a business.
• D) the services of a cleaning person.

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Definitions:

Leegin Creative Leather Products

A notable Supreme Court case that addressed the legality of price fixing and established guidelines for vertical price agreements.

Minimum Resale Prices

Agreements or policies that set the lowest price at which a product may be resold, often used by manufacturers to maintain brand image or stabilize market price.

Vertical Agreements

Contracts between companies at different levels of the supply chain, such as between a manufacturer and a retailer.

Sherman Act

An antitrust law enacted in 1890 to combat monopolies and cartels, promoting fair competition for the benefit of consumers.