Agreement among business competitors to set prices at a particular level:
A) predatory pricing.
B) target pricing.
C) peak-load pricing.
D) price fixing.

Question

Quizplus · Accepted Answer

Price fixing is an illegal practice where businesses collaborate to set prices at a particular level, eliminating competition and creating a monopoly for themselves. This can result in higher prices for consumers and is considered a violation of antitrust laws. Predatory pricing is the practice of setting prices so low that it drives competitors out of the market, while target pricing is setting prices based on what the target market is willing to pay. Peak-load pricing is a pricing strategy where higher prices are charged during peak demand periods.

Agreement Among Business Competitors to Set Prices at a Particular