Controlling agreements between independent buyers and sellers whereby sellers are required to not sell products below a minimum retail price are referred to as
A)horizontal price fixing.
B)vertical price fixing.
C)competitive price fixing.
D)independent price fixing.
E)explicit price fixing.

Question

Quizplus · Accepted Answer

Controlling agreements between independent buyers and sellers whereby sellers are required to not sell products below a minimum retail price are referred to as vertical price fixing. This is because it involves agreements between parties at different levels of the supply chain (e.g. manufacturers and retailers) rather than between competitors at the same level (which would be horizontal price fixing).

Controlling Agreements Between Independent Buyers and Sellers Whereby Sellers Are