This has the effect of creating a monopoly effect when sellers agree to sell at one price that is often above what they would have to do in a competitive market

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Horizontal price fixing is when sellers agree to sell at one agreed-upon price, creating a monopoly effect and avoiding competition. Predatory pricing refers to the practice of setting low prices to drive competitors out of business. Price gouging is setting unreasonably high prices during emergencies or disasters. Vertical price fixing refers to agreements between manufacturers and retailers to set retail prices for goods.

This Has the Effect of Creating a Monopoly Effect When