Competition Act on price-fixing requires that sellers set their prices ________.

Question

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The Competition Act on price-fixing requires that sellers set their prices without communication with competitors. This is because price-fixing is considered to be anti-competitive behavior and can harm consumers by limiting their choices and raising prices. Setting prices based on fixed and variable costs, achieving a specified profit margin, or being consistent with all customers or throughout a region are not necessarily illegal, but they can become illegal if competitors collude to set prices at the same level.

Competition Act on Price-Fixing Requires That Sellers Set Their Prices