Question: Question 1 (1 point) Social responsibility issues concern fairness and whether a practice is considered right or wrong. Question 1 options: True False Question 2

Question 1 (1 point)

Social responsibility issues concern fairness and whether a practice is considered right or wrong.

Question 1 options:

True
False

Question 2 (1 point)

Laws and regulations are specific rules established by government agencies (such as the FDA) that are empowered to implement laws.

Question 2 options:

True
False

Question 3 (1 point)

Price fixing undermines the ability of the free-market system to help keep prices low.

Question 3 options:

True
False

Question 4 (1 point)

If Pepsi and Coke got together and agreed on a set of prices for soft drinks, this would be an example of ______.

Question 4 options:

horizontal price fixing

vertical price fixing

Exclusive dealing

Dual distribution

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