Exhibit 12

question 89

Multiple Choice

Exhibit 12.2 A university has six colleges and takes a poll to gauge student support for a tuition increase.The university wants to insure each college is represented fairly.The below table shows the observed number students that participate in the poll from each college and the actual proportion of students in each college. Refer to Exhibit 12.2.The p-value is:

• A)Less than 0.01
• B)Between 0.01 and 0.05
• C)Between 0.05 and 0.10
• D)Greater than 0.10

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Definitions:

Per Se Violations

Actions that are considered inherently illegal under antitrust laws, without needing to prove their harm on competition.

Business Practices

Established methods of conducting business, which can include strategies, ethics, policies, and procedures.

Sherman Act

A foundational antitrust law in the United States that prohibits monopolies and other activities that restrict competition in the marketplace.

Vertical Restrictions

Constraints imposed in a supply chain that limit the way products or services can be sold or distributed, often to preserve competition.