Price-fixing is an explicit agreement among producers to sell a good at a particular price.

Name: Price-fixing is an explicit agreement among producers to sell a good at a particular price.
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Question

Quizplus · Accepted Answer

Price-fixing is an illegal practice that involves collusion among producers to set a specific price for a good or service. This restriction on competition is harmful to consumers and can result in higher prices and reduced product choices.

Price-Fixing Is an Explicit Agreement Among Producers to Sell a Good