Price fixing is the practice of a group of firms agreeing to set the price of a final or intermediate product at a specific level.

Name: Price fixing is the practice of a group of firms agreeing to set the price of a final or intermediate product at a specific level.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price fixing is the illegal practice of collusion among market participants to set fixed prices for goods or services in order to eliminate competition.

Price Fixing Is the Practice of a Group of Firms