Price fixing is:
A)an arrangement a manufacturer makes with a reseller to handle only its products and not those of a competitor.
B)the practice of charging a very low price for a product with the intent of driving competitors out of business.
C)the practice of charging different prices to different buyers for goods of like grade and quality.
D)a conspiracy among firms to set prices for a product.

Question

Quizplus · Accepted Answer

Price fixing refers to a group of companies conspiring together to set prices for goods or services, which can harm competition and lead to higher prices for consumers. Option A relates to exclusive dealing, option B relates to predatory pricing, and option C refers to price discrimination.

Price Fixing Is