Ask Question
14 October, 14:54

Which is an example of bid rigging?

Question 3 options:

A large furniture maker charges a price below production cost in order to eliminate small competitors.

A coffee maker falsely claims that its drinks reduce the incidence of heart attacks.

A group of music companies agrees to charge $20 for CDs.

A defense contractor gets its competitors to agree not to seek government work.

+1
Answers (1)
  1. 14 October, 16:19
    0
    A defense contractor gets its competitors to agree not to seek government work. This would be an example of companies working together to submit bids that aren't competitive. This gives the defense contractor the ability to set higher prices.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Which is an example of bid rigging? Question 3 options: A large furniture maker charges a price below production cost in order to eliminate ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers