____ is an agreement between a manufacturer, a supplier, and retailers of a product under which the retailers agree to sell the product at not less than a minimum price.

Question

Quizplus · Accepted Answer

Resale price maintenance is an agreement between a manufacturer, supplier, and retailers in which retailers agree to sell the product at a minimum price set by the manufacturer or supplier. This ensures that the product is sold at a consistent and profitable price, and prevents price wars or undercutting by retailers. This practice is legal under certain circumstances, but can be considered illegal price fixing if it is used to eliminate competition.

____ Is an Agreement Between a Manufacturer, a Supplier, and Retailers