Price-fixing results in lower prices for consumers and better competition among manufacturers of similar products.

Name: Price-fixing results in lower prices for consumers and better competition among manufacturers of similar products.
Brand: Quizplus
Rating: 4.9 (57 reviews)

Question

Quizplus · Accepted Answer

Price-fixing typically leads to higher prices for consumers and reduces competition among manufacturers, as it involves an agreement among competitors to set prices at a certain level rather than allowing market forces to determine them.

Price-Fixing Results in Lower Prices for Consumers and Better Competition