Asked by Nyasia Green on May 11, 2024
Verified
Which of the following represents an illegal control of prices?
A) Colluding
B) Following the leader without explicit agreements to do so
C) Following the price determined by an analysis of supply and demand
D) Accepting a government mandated price without contesting it
Illegal Control
Unauthorized or unlawful dominance or influence over an entity, market, or activity.
Prices
The amount of money required to purchase a good, service, or asset.
- Identify lawful and unlawful methods of price regulation within oligopolistic markets.
Verified Answer
DR
D'Ondre RobinsonMay 17, 2024
Final Answer :
A
Explanation :
Colluding, or conspiring with competitors to set prices, is illegal under antitrust laws as it restricts fair competition in the market.
Learning Objectives
- Identify lawful and unlawful methods of price regulation within oligopolistic markets.
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