Practices that reduce competition without actual documented agreements between firms to raise price are commonly referred to as _______.
A) legal practices
B) competitive practices
C) regulated practices
D) restrictive practices

Question

Quizplus · Accepted Answer

Restrictive practices are actions by firms that have the potential to reduce competition in the market without involving explicit agreements or communications between firms, such as price fixing. These can include various strategies that limit the ability of other companies to compete effectively.

Practices That Reduce Competition Without Actual Documented Agreements Between Firms