A number of top fashion-modeling agencies were charged with ________ because they were jointly determining what commissions they would charge for models.
A) prestige pricing
B) horizontal price lining
C) vertical price lining
D) vertical price-fixing
E) horizontal price-fixing

Question

Quizplus · Accepted Answer

The term "jointly determining" indicates collusion among the agencies to set prices, which is known as price-fixing. The fact that it is between agencies confirms that it is horizontal price-fixing, where competitors collude to set prices.

A Number of Top Fashion-Modeling Agencies Were Charged with ________