What Is It Called When Sellers Get Together and Collude

question 85

Multiple Choice

What is it called when sellers get together and collude to set prices with respect to one or more requests for competitive proposals?

• A) price fixing
• B) bid rigging
• C) price discrimination
• D) misleading price representation

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Definitions:

Physical Fitness

Set of attributes relating to the ability to perform physical activity; often viewed as cardiorespiratory fitness; components include flexibility, suitable body composition, muscular strength, and muscular endurance.

Physical Activity

Any bodily movement produced by skeletal muscles that requires energy expenditure, promoting physical fitness and health.

Steps

Sequential actions or procedures followed to achieve a particular end.

Day

A 24-hour period from midnight to midnight, representing the cycle of one complete rotation of Earth on its axis.