A firm that does not change the price at which it sells its output is said to be engaged in price fixing.

Name: A firm that does not change the price at which it sells its output is said to be engaged in price fixing.
Brand: Quizplus
Rating: 4.9 (28 reviews)

Question

Quizplus · Accepted Answer

A firm that does not change the price at which it sells its output is said to be engaged in price stability, but price fixing involves two or more firms conspiring to set prices, which is illegal in most countries.

A Firm That Does Not Change the Price at Which