Controlling agreements between independent buyers and sellers whereby sellers are required to not sell products below a minimum retail price is called
A) competitive collusion.
B) price cooperation.
C) horizontal price fixing.
D) lateral price fixing.
E) vertical price fixing.

Question

Quizplus · Accepted Answer

Vertical price fixing occurs when manufacturers or wholesalers set minimum prices that retailers must adhere to, controlling the resale price of products.

Controlling Agreements Between Independent Buyers and Sellers Whereby Sellers Are