Three of the largest petroleum refineries in the country have come to an agreement about what price they would pay to purchase crude oil from sellers. This is an example of ________.
A) sellers' illegal per se price fixing
B) sellers' illegal group boycott
C) buyers' illegal per se price fixing
D) buyers' illegal market sharing

Question

Quizplus · Accepted Answer

This is an example of buyers' illegal per se price fixing, as the three largest petroleum refineries have come together to fix the price they will pay to purchase crude oil from sellers.

Three of the Largest Petroleum Refineries in the Country Have