The pricing strategy in which there is an explicit agreement among producers regarding price is called

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Price-fixing is the pricing strategy in which producers explicitly agree on a common price for their products or services, which is typically higher than the market price. This anti-competitive behavior is illegal in many countries and can result in fines and other penalties. Price discrimination refers to a pricing strategy in which the same product or service is sold at different prices to different customers based on their willingness to pay, while price leadership is a situation in which a dominant firm in an industry sets the price that other firms follow.

The Pricing Strategy in Which There Is an Explicit Agreement