If There Was a Conspiracy to Fix Prices, but the Conspiracy

question 59

Multiple Choice

If there was a conspiracy to fix prices, but the conspiracy did not succeed, the government can still take the conspiring firm to court for improper conduct. This situation would be an example of

• A) the rule of reason.
• B) a cease-and-desist order.
• C) a per se violation.
• D) tying contracts.

Comprehend the role of the price system in sending signals to buyers and sellers.

Recognize the effect of price changes on quantity supplied and quantity demanded.

Understand the causes and effects of shortages and surpluses in the market.

Analyze the economic impact of government intervention in the price system through examples like usury laws and minimum wage laws.

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Definitions:

Motivational Factors

Aspects of Herzberg’s theory of motivation that focus on the content of the work itself; these aspects include achievement, recognition, involvement, responsibility, and advancement.