Gas prices in Belleville and Kingston,ON were allegedly fixed in an anti-competitive manner during 2007,and a settlement,admitting no wrong-doing,was reached with Pioneer Energy,Canadian Tire,Mr. Gas,and Sunoco. Which model would they most likely use to justify their actions?

Question

Quizplus · Accepted Answer

The shareholder model prioritizes the interests of shareholders above all other stakeholders. In this case, the companies may argue that fixing gas prices was necessary to maximize shareholder profits, and therefore justified under this model. However, it is important to note that this model has been criticized for not considering the impact of business actions on other stakeholders, such as consumers and the wider community.

Gas Prices in Belleville and Kingston,ON Were Allegedly Fixed in an Anti-Competitive