Asked by
Avery Robinson
on Nov 23, 2024Verified
A provincial government wants to widen Highway 2. There are three road construction companies in the region qualified to bid on the project. The companies agree that only one company will bid and then the work will be divided amongst the three contractors. What is this an example of?
A) Bid-rigging.
B) Exclusive dealing.
C) Misleading or false advertising.
D) Abuse of dominant position.
E) Specialization agreements.
Bid-rigging
A form of fraud in which competitors agree in advance who will win a bidding process, thus undermining the competition.
- Discern between different kinds of restrictive trade practices and their resultant effects.
- Understand the provisions related to bid-rigging and its effects on competition.
Verified Answer
JL
Learning Objectives
- Discern between different kinds of restrictive trade practices and their resultant effects.
- Understand the provisions related to bid-rigging and its effects on competition.
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