Borden,Inc. ,which sold milk to Texas Tech University,public schools,and hospitals,paid $8 million in fines for

Question

Quizplus · Accepted Answer

Borden, Inc. paid $8 million in fines for price-fixing, which involves colluding with competitors to set prices at an artificial and non-competitive level. Marginal cost pricing involves setting prices based on the cost of producing one additional unit, while price leadership involves a dominant firm establishing prices that other firms in the industry follow.