If There Is No Direct Evidence of an Agreement to Manipulate

question 78

Multiple Choice

If there is no direct evidence of an agreement to manipulate the competitive market between two CEOs, a prosecutor may use their calendars and subsequent actions that were not in the usual course of business as circumstantial evidence to prove the ________ requirement of an antitrust violation.

• A) price-fixing
• B) vertical restraint
• C) horizontal restraint
• D) meeting-of-the-minds

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Definitions:

Confidence Level

The probability that a confidence interval contains the true population parameter, expressing the degree of certainty in estimation.

Sample Statistic

A numerical measure that describes an aspect of a sample of the population data.

Population Parameter

A numerical value that describes a characteristic of the entire population.

Confidence Level

The degree of certainty that a parameter lies within a specified range.