In the Past,__________________ Allowed Manufacturers to Establish Artificially High Prices

question 10

Multiple Choice

In the past,__________________ allowed manufacturers to establish artificially high prices by limiting the ability of wholesalers and retailers to offer reduced or discounted prices.

• A)Fair trade laws
• B)Minimum markup laws
• C)Loss leader products
• D)State fair trade laws
• E)None of these

---

Definitions:

Social Media

Digital platforms and technologies that enable individuals to create, share, or exchange information, ideas, and pictures/videos in virtual communities and networks.

Traditional Media

Various forms of mass communication that existed before the advent of digital media, including newspapers, magazines, television, and radio.

Roots

The original or fundamental source of something, often referring to the origins of a cultural or historical phenomenon.

Telegraph

An old communication system that transmitted messages over long distances using coded signals.