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Business, 25.03.2020 05:47 diawia

Four major insurance brokers agreed that when it came time for renewals of coverage with major customers that only one of them would submit a reasonable bid. The three others would submit a much higher price and thereby not be in the running for the renewal. The agreements of the insurance brokers: a. are an example of horizontal trade restraint. b. save time and money and are not anti competitive. c. are an example of tying. d. are an example of vertical trade restraint.

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Four major insurance brokers agreed that when it came time for renewals of coverage with major custo...
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