_______________ could result in overall higher prices for consumers since various competitors are all pricing the same to maximize their profits.

Question

Quizplus · Accepted Answer

Companies that collude to set prices at a mutually beneficial high level are engaged in price fixing. When competitors are involved in the collusion, horizontal price fixing occurs. The Sherman Act forbids horizontal price fixing, which could result in overall higher prices for consumers since various competitors are all pricing the same to maximize their profits.

_______________ Could Result in Overall Higher Prices for Consumers Since