Examlex

Solved

A New Apple IPad 5 Is Priced at $599

question 253

Multiple Choice

A new Apple iPad 5 is priced at $599.99 regardless of whether it is purchased in California or New York, or purchased at an Apple Store, online, or at Best Buy. This pricing policy is called:


Definitions:

Covert Collusion

A secret agreement between firms to fix prices or divide the market to limit competition, which is illegal in many jurisdictions.

Oligopolist

A market participant in an oligopoly, a market structure with a small number of firms dominating the industry.

Cigarette Industry

A sector focused on the manufacturing, marketing, and distribution of cigarettes, often scrutinized for health concerns related to smoking.

Local Water Company

A company responsible for providing water supply and wastewater services to a specific local area or community.

Related Questions