- Bid rigging ⇔ A defense contractor gets its competitors to agree to enter low bids.
- Product limitation ⇔ A group of oil companies agrees to reduce the amount of oil each member produces
- Price fixing ⇔ Local coffee shops agree to charge $3 for a cup of coffee.
What is an example of bid-rigging?
Bid rigging can take many forms, but one frequent form is when competitors agree in advance which firm will win the bid. For instance, competitors may agree to take turns being the low bidder, sit out of a bidding round, or provide intentionally high bids to cover up a bid-rigging scheme.
What are product limitations?
Product Limitations means the capacity indicated on the Order Form, including, as applicable, the number of installations and named individual users of the Software.
Learn more about product limitations here: brainly.com/question/13628349
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