The president of a major airline makes telephone calls to the top executives of several other airlines asking them to "hold the line" and refrain from offering discounts on fares for several key routes in order to improve profit margins. This practice could easily be considered:

Question

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The practice of the president of a major airline making telephone calls to the top executives of several other airlines asking them to "hold the line" and refrain from offering discounts on fares for several key routes in order to improve profit margins is commonly known as price fixing. This is because it involves collusion between competitors to set prices at a certain level to eliminate competition and maximize profit margins. It is illegal under antitrust laws.

The President of a Major Airline Makes Telephone Calls to the Top