Two Airline Companies Enter into a Secret Pact to Simultaneously

question 34

Multiple Choice

Two airline companies enter into a secret pact to simultaneously increase their fuel surcharges.As a result of the pact, fuel surcharges rose from $10 a ticket to more than $100 a fare.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:

Central Tendency

A statistical measure that identifies the center of a data set, often using the mean, median, or mode.

Variation

Differences or diversities in characteristics among individuals of a population, species, or between groups.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Mean Age

An arithmetic average age of all the individuals in a given group or sample.