Federal legislation on price-fixing states that sellers must set prices after talking to customers and competitors.

Name: Federal legislation on price-fixing states that sellers must set prices after talking to customers and competitors.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Federal legislation on price-fixing prohibits sellers from talking to competitors about setting prices, as it can lead to anti-competitive behavior and harm consumers. Sellers must set prices independently, without coordination with competitors or customers.

Federal Legislation on Price-Fixing States That Sellers Must Set Prices