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jhaygood86 jhaygood86
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6 years ago
Sam, Dave, Fred, and Barney each own one of the only four construction companies in a city. The companies are all about the same size. Each is asked to provide a quote on building a new bridge. Sam submits a quote of $10,000. Dave, Fred, and Barney each submit a quote of $99,999. The contract goes to Sam. The matching quotes that were much higher are suspicious. If you work for the Competition Tribunal, which crime are you suspicious of?
A) merger
B) bid rigging
C) misleading advertising
D) price fixing
E) abuse of dominant market position
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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