A number of top fashion-modeling agencies would most likely be charged with ________ for jointly determining what commissions they charge for models.
A) prestige pricing
B) competitive pricing
C) price bundling
D) dynamic pricing
E) price fixing

Question

Quizplus · Accepted Answer

Price fixing is the practice of coordinating pricing with competitors, which is illegal and would lead to charges being brought against the modeling agencies involved. The other pricing strategies listed are legal and do not involve collusion with competitors.

A Number of Top Fashion-Modeling Agencies Would Most Likely Be