What type of pricing tactic is being used when several airlines agree to charge the same fare for a single route?
A) Horizontal price fixing
B) Vertical price fixing
C) Horizontal price discrimination
D) Vertical price discrimination
E) Loss leader pricing

Question

Quizplus · Accepted Answer

Horizontal price fixing is an illegal pricing tactic in which competitors agree to charge the same price for a product or service. In this scenario, several airlines agreeing to charge the same fare for a single route is an example of horizontal price fixing.

What Type of Pricing Tactic Is Being Used When Several