Univ Airlines and MiragoAirlines are two competing airlines.They make an agreement to charge customers a certain price for airfreight.This leads to the filing of several lawsuits against them by other airlines.In this scenario,the two firms most likely indulged in _____.
A)penetration pricing
B)price skimming
C)price fixing
D)odd-even pricing

Question

Univ Airlines and MiragoAirlines are two competing airlines.They make an agreement to charge customers a certain price for airfreight.This leads to the filing of several lawsuits against them by other airlines.In this scenario,the two firms most likely indulged in _____.​
A)penetration pricing
B)​price skimming
C)​price fixing
D)odd-even pricing

Quizplus · Accepted Answer

The scenario describes an agreement made between the two competing airlines to charge customers a certain price for airfreight. This is an act of price fixing, which is an illegal business practice that violates antitrust laws by eliminating competition and artificially raising prices.

Univ Airlines and MiragoAirlines Are Two Competing Airlines