Identify the true statement.
A) Agency pricing is illegal.
B) Rivals colluding to set prices is illegal.
C) Wholesale pricing is illegal.
D) In agency pricing, the seller pays publishers for titles and then sells those titles at whatever price it wished.
E) Wholesale pricing is also known as agency pricing.

Question

Quizplus · Accepted Answer

Rivals colluding to set prices is considered illegal under antitrust laws in many jurisdictions because it restricts competition and harms consumers by potentially raising prices above what they would be in a competitive market.

Identify the True Statement