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

Quizplus · Accepted Answer

The practice described in the scenario is price fixing, which is an agreement among firms to set prices at a certain level rather than allowing competition to determine prices. This is illegal under antitrust laws.

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