Here is a scenario that involves white-collar crime. Representatives from three major oil companies meet at a business conference. They begin talking about how all the publicity surrounding the shortage of oil and gas worldwide may give them an opportunity to increase the profitability of their companies by raising the price of gas that they sell to consumers. They decide to keep in touch with each other about prices, and they reach an understanding in which each company agrees to charge the same price for their products. This scenario represents what kind of illegal activity?

Question

Quizplus · Accepted Answer

The scenario represents a restrictive trade agreement, in which the three companies have colluded to fix the price of their products, which is illegal under antitrust laws.

Here Is a Scenario That Involves White-Collar Crime