When sellers set prices after talking to competitors and engaging in collusion, they are involved in ________.
A) interstate commerce
B) comparative pricing
C) price fixing
D) skimming pricing
E) price bundling

Question

Quizplus · Accepted Answer

Price fixing is the practice of collusion between sellers where they set prices together, often to the detriment of buyers, and is illegal in many countries. The other options do not involve collusion between sellers.

When Sellers Set Prices After Talking to Competitors and Engaging