What is the practice of selling a product to retailers and requiring the retailers to charge a specific price for the product called

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This practice is called resale price maintenance, where manufacturers or suppliers set a specific price for their products and require retailers to charge that price or higher. This ensures that the product is sold at a consistent price across all retailers and prevents price competition among retailers. However, in some countries, such practices may be illegal as they can hamper free market competition.

What Is the Practice of Selling a Product to Retailers