While consumers gain from artificially low prices in predatory pricing and price wars, they are harmed by the illegal practice of price-fixing.

Name: While consumers gain from artificially low prices in predatory pricing and price wars, they are harmed by the illegal practice of price-fixing.
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Quizplus · Accepted Answer

Price-fixing is an illegal practice where competitors agree on pricing levels, rather than competing, which can lead to higher prices for consumers, thus harming them.

While Consumers Gain from Artificially Low Prices in Predatory Pricing