[Solved] Four Propane Delivery Firms Have a Tacit Agreement to Charge

Question 45
Multiple Choice

Four propane delivery firms have a tacit agreement to charge a service fee of $50 in addition to $5 per gallon of propane. If the firms' cost of propane increases and one of the four firms advertises that it will increase the service fee to $75 and raise the cost of a gallon of propane to $5.50 next month, this is an example of _ .

A)price leadership
B)a meet- the- competition clause
C)a preannouncement
D)a precommitment

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