Price fixing occurs when two or more companies conspire to ________.
A) keep prices at a certain level
B) use predatory pricing
C) use loss-leader pricing
D) use bait-and-switch tactics
E) prohibit competitors from entering a market

Question

Quizplus · Accepted Answer

Price fixing occurs when companies work together to keep prices at a certain level. This is typically done to avoid competition and maximize profits. It is illegal and can result in significant fines and penalties.

Price Fixing Occurs When Two or More Companies Conspire to ________