Examlex
How would an increase in cigarette taxes succeed according to the following criteria: collecting a large amount of tax revenue; distorting demand as little as possible; discouraging consumption of harmful commodities?
Passed
To have been approved or made official, particularly in the context of legislation or examinations.
Horizontal Price-Fixing Conspiracy
A horizontal price-fixing conspiracy is an agreement between competitors at the same level of the supply chain to set prices, limit production, or otherwise manipulate the market.
Sherman Act
The Sherman Act is a landmark federal statute passed in 1890 that outlaws monopolistic business practices and promotes competition in the United States.
Apple Inc.
An American multinational technology company that designs, manufactures, and markets consumer electronics, computer software, and online services.
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