Price Fixing Is Most Likely to Be Found in Industries

question 21

Multiple Choice

Price fixing is most likely to be found in industries where brand _______ is difficult, such as oil, paper, glass and chemicals.

• A)protection
• B)standardization
• C)differentiation
• D)penetration

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Definitions:

Great Lakes

A group of five large freshwater lakes in North America, forming the largest group of freshwater lakes in the world by total surface and volume.

Appalachian Mountains

A mountain range in the eastern United States, extending from the province of Quebec in Canada to central Alabama in the U.S., known for its rich biodiversity and natural resources.

Northwest Ordinance

A law passed in 1787 that provided a model for the organization of territories and set a precedent for the creation of new states.

Political System

The system of government by which a country or community is administered and regulated, encompassing institutions, political organizations, and norms.