An agreement between retailers that are in direct competition with each other to set the same prices is called
A) horizontal price fixing.
B) vertical price fixing.
C) MSRP pricing.
D) predatory pricing.
E) price elasticity.

Question

Quizplus · Accepted Answer

Horizontal price fixing involves agreements between retailers that are in direct competition with each other to set the same prices. This practice clearly reduces competition and is illegal.

An Agreement Between Retailers That Are in Direct Competition with Each