Explicit Agreements Between Businesses to Keep Prices High

question 27

Multiple Choice

Explicit agreements between businesses to keep prices high:

• A) are illegal.
• B) are called collusion.
• C) are not in the public's best interests.
• D) All of these statements are true.

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Definitions:

Fair Housing Act

A U.S. law that aims to prevent discrimination when renting or selling housing based on race, religion, sex, national origin, disability, or family status.

Negligent

The failure to take reasonable care or measures to prevent harm or damage, leading to liability for any resulting damages.

Waste

Permanent and substantial injury to a landlord's property.

Legal Liability

The responsibility of an individual or entity for actions or omissions that result in harm or loss to another party, subject to legal sanctions.