Recently, Some Executives for Highway Construction Companies Agreed to Stop

question 94

Multiple Choice

Recently, some executives for highway construction companies agreed to stop competing with each other on price and to meet every three months to decide their price for the next quarter. In this situation:

• A) the Sherman Act has been violated.
• B) the Robinson-Patman Act has been violated by price discrimination.
• C) the executives are exercising their right to free trade.
• D) the unfair trade practice acts have been violated.
• E) as long as prices don't increase-the executives have done nothing wrong.

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Definitions:

Distracted

A state of divided attention, where focus is drawn away from the primary task or subject of interest towards unrelated thoughts or activities.

Larger Portions

Serving sizes that are significantly bigger than standard or recommended amounts, often linked to overconsumption and health issues.

Groups

Collections of individuals who come together to achieve a common goal or share a common interest.

Solo Individuals

Refers to single persons functioning independently from groups or collectives in a social or professional setting.