Which of the Following Statements About Price-Fixing Contracts Is/are True

question 18

Multiple Choice

Which of the following statements about price-fixing contracts is/are true?
i. Price-fixing contracts are prohibited where they have the effect of substantially lessening competition.
ii. Price-fixing contracts are a means of quoting different prices for different customers.
iii. Price-fixing contracts result in controlling the prices of goods or services.

• A) i
• B) ii and iii
• C) i and iii
• D) iii

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Definitions:

Carboxylic Acid

An organic compound containing a carboxyl group (C(O)OH), known for its acidity due to the hydrogen atom's ability to dissociate from the carboxyl group.

Acid Chloride

Organic compounds derived from carboxylic acids by replacing the hydroxyl group with a chlorine atom, making them highly reactive acylating agents.

Anhydride

A compound formed from another compound by the removal of a molecule of water; commonly associated with carboxylic acid anhydrides in organic chemistry.

Nitrile

Organic compounds that contain a cyano group (-C≡N) attached to an alkyl group, used in the manufacture of rubbers, resins, and pharmaceuticals.