Two supermarkets agree to charge $3.50 for a gallon of milk, which is a fair price in the locality
This action is:
A) Horizontal price fixing.
B) Vertical price fixing.
C) A horizontal market division.
D) A group boycott.
E) Legal, because the price agreed upon was fair.
A
You might also like to view...
Discuss the steps involved in the performance management process.
What will be an ideal response?
The Mediterranean Cafe features light cuisine and folk entertainment. It is located in the middle of an upper-class neighborhood. The owners want to know where the customer base lives so that they can send direct mail to those areas. For the last several weeks, employees scoped the parking lot noting license plate numbers so they could have a private research company trace them to the owners. Which of the following is the Mediterranean Café engaging in?
A. Residential research B. Financial demographics C. Customer clustering D. Geographic research E. Customer spotting
A pharmaceutical company interested in measuring how often physicians prescribe a certain drug has selected a simple random sample from each of two groups: M.D. (medical doctors) and D.O (osteopathic doctors). What is this type of sampling called?
a. Simple random sampling b. Cluster sampling c. Stratified sampling d. Purposive sampling e. Quota sampling
The majority of the individual tax returns that are audited are selected under the DIF program.
Answer the following statement true (T) or false (F)