Fact Pattern Thermo Gas,Inc. ,And Uno Oil Corporation Refine and Sell Gasoline

question 7

Multiple Choice

Fact Pattern
Thermo Gas,Inc. ,and Uno Oil Corporation refine and sell gasoline and other petroleum products.To limit the supply of gas on the market and thereby raise prices,Thermo Gas and Uno Oil agree to buy "excess" supplies from dealers and "dispose" of it.
-Refer to Fact Pattern 28-1B.The deal between Thermo Gas and Uno Oil is

• A)a deal that neither restrains trade or harms competition.
• B)a legal restraint of trade.
• C)a per se violation of antitrust law.
• D)subject to analysis under the rule of reason.

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Definitions:

Machinery

Equipment with moving mechanical parts used in industrial or manufacturing processes to facilitate production.

Cash in Hand

Refers to the amount of currency and negotiable instruments that are immediately available for business transactions or expenses, not deposited in a bank or invested.

Total Debts

The sum of all liabilities, or the total amount of money that a person or entity owes to creditors.

Inventory Turnover

A measure of how quickly a company sells and replaces its inventory over a certain period, indicating the efficiency of inventory management.