A Horizontal Restraint of Trade Differs from a Vertical Restraint

question 26

Multiple Choice

A horizontal restraint of trade differs from a vertical restraint of trade in that the horizontal restraint of trade:

• A) follows the rules listed in the Robinson-Patman Act of 1936.
• B) follows the rules listed in the Clayton Antitrust Act of 1914.
• C) limits the competition between rival firms in the same industry.
• D) limits the competition between a government producer and a private retailer.
• E) follows the rules stated in the Sherman Antitrust Act of 1980.

---

Definitions:

Sample Size

The number of observations or data points collected in a study or used in a statistical sample.

Null Hypothesis

The default statement in hypothesis testing that there is no effect or no difference, and any observed effect is due to chance.

Alpha

Often used to denote the level of significance in hypothesis testing, typically set at 0.05.

Likelihood

A measure of the probability that an observed set of data would occur under a particular statistical model or hypothesis.