"Price fixing" means:
A) changing a price that was set at the wrong level by the financial manager.
B) pricing a product that will be sold in a foreign market at a level below the cost of production.
C) selling products of like grade and quality to different buyers at different prices.
D) a firm consciously setting its prices.
E) competitors getting together to raise, lower, or stabilize prices.

Question

Quizplus · Accepted Answer

Price fixing refers to competitors getting together to manipulate prices of goods and services for their mutual benefit, which is illegal in most countries.

"Price Fixing" Means