What is the illegal practice of manufacturers controlling prices at the retail level?
A) price discrimination
B) deceptive pricing
C) price fixing
D) resale price maintenance

Question

Quizplus · Accepted Answer

Price fixing is the illegal practice of manufacturers or sellers controlling the prices at the retail level. It involves colluding with other manufacturers or sellers to set a fixed selling price for a product or service. This is illegal under antitrust laws as it limits competition and consumer choice, and results in higher prices for consumers. Price discrimination is the act of charging different prices for the same product or service to different consumers based on various factors, such as their willingness to pay or their demographics. Deceptive pricing involves misleading consumers about the actual price or value of a product or service. Resale price maintenance is a practice where a manufacturer sets a minimum price at which their product must be sold, but this practice is not necessarily illegal in all countries.

What Is the Illegal Practice of Manufacturers Controlling Prices at the Retail