In 2004, the ACCC Successfully Prosecuted a Number of Petrol

question 60

Multiple Choice

In 2004, the ACCC successfully prosecuted a number of petrol sellers in a Victorian town for collusion.The petrol sellers advertised their prices on boards outside their petrol stations.When one of the sellers wanted to raise petrol prices in the town, they would increase the price on their own board and then ring the other sellers to suggest that they 'go for a drive'.This is an example of the cost of:

• A)predatory pricing
• B)transparent pricing
• C)resale price maintenance
• D)none of the above

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Definitions:

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including mutual funds and ETFs.

Successive Years

Successive years that occur back-to-back without any breaks.

Compounded Quarterly

A method of calculating interest where it is added to the principal four times a year, after every three months, leading to faster growth of the investment.

Prepayment

Payment made for goods or services before they are received or required.