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

Question

Quizplus · Accepted Answer

Price fixing is when competitors collude to set the same price for a product or service, rather than competing on price. This can result in higher prices for consumers, as all competitors are trying to maximize their profits at the same price point.

_______________ Could Result in Overall Higher Prices for Consumers Since