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:

Lateral Runout

The measure of variation in the rotational path of a wheel, tire, or brake disc around its central axis, which can cause vibrations.

Lack Parallelism

A term possibly relating to the misalignment of vehicle wheels, where two or more wheels are not parallel to each other, affecting the vehicle's handling and tire wear.

Fit to Remain

Suitable or adequate to continue in status, position, or condition, implying no need for significant alteration or replacement.

Rear Caliper Piston

A specific type of caliper piston located at the rear brakes, playing a vital role in the vehicle's stopping power by applying pressure to the brake pads.