Multiple Choice
Able Excavators, Inc., is the major wholesale distributor of heavy equipment in the state of Georgia. Its closest competitor is Big Machine Company, another Georgia firm. The two firms agree that Able will operate in southern Georgia and Big will operate in northern Georgia. This is
A) a group boycott.
B) a market division.
C) a price-fixing agreement.
D) a tying arrangement.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Gearbox, Inc., a manufacturer of vehicle parts,
Q13: A suit is filed against DrillBits Corporation,
Q14: Under an exclusive-dealing contract, a seller promises
Q15: Labor unions can organize and bargain without
Q16: An act must substantially affect interstate commerce
Q18: Omni Discount Company and Price-Lo Stores, Inc.,
Q19: To acquire monopoly power in its market,
Q20: By contract, Oil Shale Corporation forbids Petro,
Q21: An agreement among competitors to fix prices
Q22: Under what circumstances would Small's Market, a