Identify the trade-restraining practice that this example demonstrates. Company A and Company B discuss average industry...
Identify the trade-restraining practice that this example demonstrates.
Company A and Company B discuss average industry prices.
|
a)Division of markets b)Controlling output c)Price fixing d)Illegal boycott e)No illegal practice |
Homework Answers
The answer is option “e” – no illegal practice.
There is no division of markets as companies A and B are not in any way colluding to refrain from competing in certain markets.
There is no controlling of output either as A and B are not doing anything with regards to production and output.
There is no illegal boycott as well as merely discussing average industry prices will not lead to any illegal boycott.
Lastly with regards to price fixing A and B are not entering into an illicit agreement not to sell goods/services below a certain price.
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Identify the trade-restraining practice that this example
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