Federal legislation on price fixing requires that sellers set their prices ________.
A) based on their fixed and variable costs
B) without communication from competitors
C) to achieve a specific profit margin
D) without the intention of cutting into competitors' profits
E) consistently throughout a region

Question

Quizplus · Accepted Answer

Federal legislation on price fixing prohibits collusion or communication among competitors to set prices, so sellers must set their prices without receiving information or input from their competitors.

Federal Legislation on Price Fixing Requires That Sellers Set Their