While Following a Competitor's Lead in Pricing Is Acceptable, There

question 20

Multiple Choice

While following a competitor's lead in pricing is acceptable, there can be no signaling of prices to a competitor. This illegal practice, called _____, occurs when two or more competitors collaborate in setting prices.

• A) indirect pricing
• B) reference pricing
• C) collaborative pricing
• D) price fixing
• E) price signaling

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Definitions:

Sexual Selection

A form of natural selection where individuals with certain inherited characteristics are more likely than other individuals to obtain mates.

Reproductive Success

The degree to which an organism passes on its genes to the next generation, often measured by the number of offspring that survive to reproduce.

Sexual Dimorphism

A difference in form between males and females of a species, including color, body size, and the presence or absence of structures used in courtship displays (elaborate tail plumes, ornaments, pigmented skin patches) or in contests (antlers, tusks, spurs, horns).

Sexual Selection Theory

A concept in evolutionary biology suggesting that certain traits evolve to increase an individual's chances of mating, as opposed to natural selection which focuses on survival.