Two or More Competitors Explicitly or Implicitly Setting Prices Is

question 362

Multiple Choice

Two or more competitors explicitly or implicitly setting prices is referred to as _________.

• A)competitive collusion
• B)vertical price fixing
• C)horizontal price fixing
• D)subversive competition
• E)price alignment

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Definitions:

Shareholder

An owner of a corporation, who has no inherent right to manage the corporation but has liability limited to his capital contribution. Also called stockholder.

Obligations

Duties or responsibilities that are legally or morally binding.

Directors And Officers

Individuals appointed or elected to oversee the major policies and decisions of a company, corporation, or non-profit organization.

Shareholders

Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.