Several airlines have agreed to charge the same fare for a single route.The airlines are using
A) horizontal price fixing.
B) vertical price fixing.
C) horizontal price discrimination.
D) vertical price discrimination.
E) loss leader pricing.

Question

Quizplus · Accepted Answer

The scenario described is an example of horizontal price fixing, where competitors in the same industry agree to set the same price for a certain product or service. In this case, the airlines are agreeing to charge the same fare for a particular route, which is a violation of antitrust laws.

Several Airlines Have Agreed to Charge the Same Fare for a Single