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:

Terminated Employees

Workers who have been dismissed or let go from their positions by the employing organization.

Cultural Intelligence

The ability to relate to and work effectively across cultures.

Analyze

To examine something methodically and in detail, usually for purposes of explanation and interpretation.

Charisma

A compelling attractiveness or charm that can inspire devotion in others, often seen as a quality of effective leaders.