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Jay Farnswood Is the President of a Local Group of Real

Question 85

Multiple Choice
Jay Farnswood is the president of a local group of real estate agents.At their monthly luncheon meeting,Farnswood stood and told his colleagues that he simply could not survive by charging the 5 percent commission rate and noted,"I don't know what the rest of you are going to do,but I am going to charge 6 percent commission on all my listings starting today." Farnswood's statements:

Jay Farnswood is the president of a local group of real estate agents.At their monthly luncheon meeting,Farnswood stood and told his colleagues that he simply could not survive by charging the 5 percent commission rate and noted,"I don't know what the rest of you are going to do,but I am going to charge 6 percent commission on all my listings starting today." Farnswood's statements:


A) constitute price fixing.
B) only reflect his intentions; there is no agreement to fix prices.
C) constitute an attempt to monopolize.
D) none of the above

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