Q: Which one of the following is a particular form of collusive price-fixing behaviour by which firms coordinate their bids on procurement or project contracts?
(a)Predatory pricing
(b)Horizontal price-fixing (collusion)
(c)Bid rigging
(d)Exclusive territory
Correct Answer: (c)
The correct answer is (b) 'Horizontal price-fixing (collusion)'. This question from the General Studies domain tests knowledge of Miscellaneous.