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Leverage Inc

question 84

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Leverage Inc.and its competitor,Allen Motors Co. ,were charged for conspiring to keep the end-user price for hatchback cars artificially high.In other words,the two automobile manufacturing companies were charged for:


Definitions:

Nickels

A five-cent coin made by the United States Mint.

Quarters

In financial and business terms, one of the four three-month periods into which the fiscal year is divided for reporting and forecasting purposes.

Marginal Rate

The rate at which something changes with each additional unit, such as the marginal tax rate, which is the rate applied to each additional dollar of income.

Substitution

The economic principle where consumers replace more expensive items with less costly alternatives.

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