Asked by
Saloni doshi
on Nov 21, 2024Verified
Bid rigging has recently been removed from the category of price fixing, and is therefore legal.
Bid Rigging
An agreement among firms to not bid against one another or to submit a certain level of bid.
Price Fixing
A restraint of trade in which two or more competitors agree to set prices for a product or service.
Category
A class or division of items or people with shared characteristics, used for purposes of organization, analysis, or classification.
- Discern between approved and banned business operations as defined by antitrust statutes.
Verified Answer
CD
Learning Objectives
- Discern between approved and banned business operations as defined by antitrust statutes.