In the 1990s,Sotheby's and Christie's,the Two Largest Fine-Art Auction Houses

question 46

True/False

In the 1990s,Sotheby's and Christie's,the two largest fine-art auction houses in the world were colliding to fix prices.These practices are acceptable in the business world to create competitiveness through collaborations.

---

Definitions:

Free Public Education

The provision of education that is funded and administered by the government, ensuring that all citizens have access to education without charge.

Workday

The number of hours or the specific period during which an employee is expected to be at their job performing their duties.

Unions

Organizations formed by workers in various industries to collectively bargain for better wages, working conditions, and benefits.

Minimum Wage

The lowest remuneration that employers can legally pay their workers; the rate may vary by jurisdiction.