Which statement is false?
A. The 1961 electrical machinery anti-trust case is an example of covert collusion.
B. Two of the companies involved in the electrical machinery case were charged with price fixing on turbine generators 11 years after being convicted of price fixing and illegal market-sharing.
C. The conviction of high-ranking company executives in the 1961 electrical machinery case effectively ended covert conspiracies in this country.
D. In 1996 the Archer Daniels Midland Company pleaded guilty and paid a $100 million criminal fine for its role in two international conspiracies to fix prices and eliminate competition in the lysine and citric acid markets.
C. The conviction of high-ranking company executives in the 1961 electrical machinery case effectively ended covert conspiracies in this country.
You might also like to view...
During an economic expansion, the demand for money ________ because ________
A) decreases; nominal GDP increases B) increases; real GDP increases C) increases; nominal GDP does not change D) does not change; people make more purchases with credit cards E) decreases; real GDP increases
The presence of transactions costs and information costs
A) lowers the cost of funds to borrowers. B) raises the expected return to lenders. C) lowers the expected return to lenders. D) increases the efficiency of the financial system.
The required reserve ratio for a bank is set by:
a. Congress. b. the bank itself. c. the banking system. d. the Treasury Department. e. the Federal Reserve.
You are given the following gamble: behind one door is $500; behind another is $100; behind another is $0. What is the expected value of the gamble?
A. $200 B. $300 C. $600 D. We need more information in order to answer