If three pizza delivery companies agree to decrease their output and raise the price of their pizzas to $15, this is an example of_______ .

Name: If three pizza delivery companies agree to decrease their output and raise the price of their pizzas to $15, this is an example of_______ .
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Question

Quizplus · Accepted Answer

This is an example of price fixing, as the three companies have agreed to raise their prices to a fixed amount, which is anti-competitive behavior and violates antitrust laws.

If Three Pizza Delivery Companies Agree to Decrease Their Output