Given below are business practices related to pricing situations, Match the descriptions with the appropriate pricing term
-When two or more competitors agree to set prices at a given level, usually higher than the equilibrium price.
A)Price discrimination
B)Peak-load pricing
C)Price gouging
D)Price fixing
E)Dumping
F)Predatory pricing

Question

Quizplus · Accepted Answer

Price fixing is when competitors agree to set prices at a certain level, often higher than the market equilibrium, to reduce competition and increase profits.

Given Below Are Business Practices Related to Pricing Situations, Match