If retailers have a resale price maintenance agreement with a manufacturer, typically if the retailers charge a price above the specified minimum price, this will lower their profit.

Name: If retailers have a resale price maintenance agreement with a manufacturer, typically if the retailers charge a price above the specified minimum price, this will lower their profit.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

If retailers charge a price above the specified minimum price, they will have to sell fewer units, which will lower their profit.

If Retailers Have a Resale Price Maintenance Agreement with a Manufacturer