Rough diamond seller De Beers, for example, currently faces a price fixing class action law suit that alleges that they have led a world-wide diamond cartel that has had anti-competitive impact on Canadian .This is an example of _________________.

Question

Quizplus · Accepted Answer

The given scenario describes a price fixing class action lawsuit against De Beers, alleging that they have led a worldwide diamond cartel with an anti-competitive impact on Canadian markets. This aligns with the definition of price maintenance, which involves agreements or actions taken by businesses to maintain the prices of products or prevent them from falling below a certain level, thereby eliminating competition.

Rough Diamond Seller De Beers, for Example, Currently Faces a Price