Because it was the initial year of production, only 3000 units of a new model car were built. Some auto dealers got together and agreed that they would sell the cars only if the customer was willing to pay several thousand dollars over the sticker price. This is an example of
A) price gouging.
B) smart business practice.
C) price fixing.
D) collusion.
E) price lining.

Question

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The Answer of Because it was the initial year of production, only 3000 units of a new model car were built. Some auto dealers got together and agreed that they would sell the cars only if the customer was willing to pay several thousand dollars over the sticker price. This is an example of
A) price gouging.
B) smart business practice.
C) price fixing.
D) collusion.
E) price lining.

Because It Was the Initial Year of Production, Only 3000