Question: Gore Co . , Baker Bros., and Torrent Construction ( all cement companies in the area ) agreed that on three upcoming projects, Gore would
Gore Co Baker Bros., and Torrent Construction all cement companies in the area agreed that on three upcoming projects, Gore would bid lowest on the first project, Baker would submit the lowest bid on the second project, and Torrent would submit the lowest bid on the third project. In this way, they would each be assured of work for the upcoming season. This behavior:
a
is legal and an acceptable practice in the construction industry to spread work more evenly.
b
is an example of bidrigging.
c
is an example of price fixing.
d
is an example of a horizantal cooperative agreement that is illegal.
e
both b and d
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
