If four large commercial contractors meet and collude on the bids they are going to submit for a large government road contract, this is an example of_______ .
A)output restrictions
B)market division
C)bid suppression
D)bid rigging

Question

Quizplus · Accepted Answer

Bid rigging is when competitors collude to determine the outcome of a bidding process, often by agreeing to submit artificially high bids or by deciding in advance which competitors will win specific contracts. This is illegal and anticompetitive behavior.

If Four Large Commercial Contractors Meet and Collude on the Bids