All of the major wireless providers in Canada (Bell,Telus,Rogers,Shaw,MTS,and Bell Aliant)decide that beginning next year all smartphone data plans will be $75 per GB,even though their delivery costs are far less.This activity is known as:
A)price discrimination.
B)price fixing.
C)predatory pricing.
D)tying arrangements.

Question

Quizplus · Accepted Answer

This activity is known as price fixing, where multiple firms agree to set the same price for their products or services, even though their costs are different. In this case, all the major wireless providers in Canada have agreed to set the same price for smartphone data plans, which is higher than their delivery costs. This reduces competition and harms consumers as they have to pay higher prices for the same service.

All of the Major Wireless Providers in Canada (Bell,Telus,Rogers,Shaw,MTS,and Bell