Discuss the validity and effect of each of the situations

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Reference no: EM131390663

Discuss the validity and effect of each of the following situations:

a. A, B, and C, manufacturers of radios, orally agree that due to the disastrous, cutthroat competition in the market, they will establish a reasonable price to charge their purchasers.

b. A, B, C, and D, newspaper publishers, agree not to charge their customers more than $0.30 per newspaper.

c. A, a distiller of liquor, and B, A's retail distributor, agree that B should charge a price of $5 per bottle.

Reference no: EM131390663

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