Question
ABC wholesale club added toys to its product offerings. To reduce ABC's effectiveness as a competitor, TTOY large box store toy retailer communicated with all
ABC wholesale club added toys to its product offerings. To reduce ABC's effectiveness as a competitor, TTOY large box store toy retailer communicated with all the toy manufacturers that supplied both ABC and TTOY, and induced many of these suppliers to agree -- with TTY and each other -- that they either would not sell to ABC at all, or would sell to ABC on disadvantageous terms and conditions.
BASED ON THESE FACTS, PROVIDE THE CORRECT MISSING TERM IN THE FOLLOWING:
The TTOY/suppliers' arrangement is called a ____________ under the antitrust laws.
- A. group boycott
- B. price fixing
- C. conspiracy
- D. bid rigging
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
978-0134135373, 134133536, 134135377, 978-0134133539
