Question

Trade associations ______ information among members and represent the members’ business interests before governmental bodies. They also frequently are involved in setting regulatory ______ to govern the industry profession. Generally, the ______ is applied to many of these horizontal actions. In ______ industries, though, trade associations often have been used as a means to ______ anticompetitive actions, such as fixing prices or allocating markets.

Answer 1

Answer:

exchange

standards

the rule of reason

concentrated

facilitate

Explanation:

Trade associations exchange information among members and represent the members’ business interests before governmental bodies. They also frequently are involved in setting regulatory standards to govern the industry profession. Generally, the rule of reason is applied to many of these horizontal actions. In concentrated industries, though, trade associations often have been used as a means to facilitate anticompetitive actions, such as fixing prices or allocating markets.