Four Companies Dealing in Dairy Products Admitted That They Had

question 27

Multiple Choice

Four companies dealing in dairy products admitted that they had exchanged information to make shoppers pay more for milk and cheese.Two of the companies had increased the price of milk.The other two had passed on sensitive information about prices to their supposed rivals.This is an example of:

• A)price fixing.
• B)price discrimination.
• C)predatory pricing.
• D)referral selling.
• E)resale price maintenance.

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Definitions:

Air Conditioning System

A technology designed to control the temperature, humidity, and air quality within a space for comfort or process requirements.

Experience

The knowledge or skill acquired by a period of practical involvement in an activity or exposure to events.

Section

A distinct part or division of a document, book, or piece of writing, usually dealing with a specific theme.

Formal Proposal

A detailed and structured offer or plan submitted for evaluation or consideration.