Author Question: Gary, Louise, and Brian, who own competing gas stations in town, happen to see each other at a ... (Read 78 times)

tingc95 · **on:** Jun 24, 2018

Gary, Louise, and Brian, who own competing gas stations in town, happen to see each other at a restaurant one morning and have breakfast together. While talking, they decide to set their gas prices at the same amount. They have committed an illegal act only if the agreed price is unfair to consumers.
Indicate whether the statement is true or false

Question 2

The GATT escape clause:
A) allows a country to take temporary corrective action to protect a domestic industry.
B) allows members who no longer wish to be a part of the WTO to quit.
C) allows a country to impose tariffs on countries that are engaging in dumping.
D) allows a country to disaffirm any previous tariffs they have imposed on another GATT member.