________ could result in overall higher prices for consumers since various competitors are all pricing the same to maximize their profits.
A) Price-fixing
B) Price discrimination
C) Deceptive pricing
D) Reference pricing
E) Predatory pricing

Question

Quizplus · Accepted Answer

Price-fixing occurs when competitors come to an agreement to set prices at a certain level to eliminate competition. This can result in overall higher prices for consumers since multiple competitors are essentially colluding to maximize their profits.

________ Could Result in Overall Higher Prices for Consumers Since