Author Question: You own a hair salon in a college town. Because there is competition for customers, the salons have ... (Read 97 times)

cnetterville · **on:** Jun 24, 2018

You own a hair salon in a college town. Because there is competition for customers, the salons have been in a price war. You invite all salon owners to your home. They decide that the price war is hurting everyone and agree to charge standard rates for hairstyling. This arrangement is:
a. legal because it was a voluntary arrangement
b. legal because the price of styling hair is too low to be subject to the antitrust laws c. legal because it does not hurt competition
d. legal under the rule of reason because the alternative, fewer salons, would mean less competition e. none of the other choices

Question 2

In a few situations, such as in hospitals, an employer may discriminate on the basis of race as a bona fide occupational qualification.
a. True
b. False
Indicate whether the statement is true or false