Match each action with the unfair business practice it represents. Production limitation price fixing bid rigging ? A defense contractor gets its competitors to agree not to enter bids. ? A cartel of sugar growers agrees to reduce the amount of sugar it brings to market. ? A group of oil companies agrees to charge $3 for a gallon of gas.

Explanation:

Bid rigging is a fraudulent practice that establishes an illegal auction scheme, carried out by corrupt employees linked to companies that can span several different countries. This process results in a set of non-competitive bids, to encourage the existence of higher bids from participants. An example of this can be seen when a defense contractor causes its competitors to agree not to enter bids.

Production Limitation is also a commercial practice that promotes injustices and occurs when a company establishes that it will limit the quantity of its products on the market, just to create a dishonest increase in demand. An example of this occurs when a cartel of sugar producers agrees to reduce the amount of sugar it places on the market.

Price fixing occurs when a group of companies in the same industry decide to sell their products at a fixed price in order to be able to manipulate supply and demand as they see fit. An example of this occurs when a group of oil companies agrees to charge $ 3 for a gallon of gas.

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