Multiple Choice
Here is a scenario that involves white-collar crime. Representatives from three major oil companies meet at a business conference. They begin talking about how all the publicity surrounding the shortage of oil and gas worldwide may give them an opportunity to increase the profitability of their companies by raising the price of gas that they sell to consumers. They decide to keep in touch with each other about prices, and they reach an understanding in which each company agrees to charge the same price for their products. This scenario represents what kind of illegal activity?
A) Predatory pricing
B) Restrictive trade agreement
C) Insider trading
D) Consumer fraud
Correct Answer:
Verified
Correct Answer:
Verified
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