Which of the Following Statements Is True of Price Fixing

question 51

Multiple Choice

Which of the following statements is true of price fixing?

• A)It represents a high level of competition in an industry.
• B)It is allowed only under the provisions of the Federal Trade Commission Act.
• C)It is,by definition,illegal,as there is no justification for it.
• D)It occurs only in monopolistically competitive industries.
• E)It is legal in United States.

---

Definitions:

Strong Ethics Programs

Initiatives within organizations aimed at ensuring ethical behavior among its members through policies, training, and oversight.

Machiavellianism

A personality trait that involves manipulativeness, a lack of empathy, and a focus on self-interest and deception to achieve one's goals.

Personality Characteristic

A trait or quality that contributes to the unique emotional and behavioral features of an individual.

External Locus of Control

The belief that one's outcomes in life are determined by external forces or chance rather than personal actions.