Leverage Inc.and its competitor,Allen Motors Co. ,were charged for conspiring to keep the end-user price for hatchback cars artificially high.In other words,the two automobile manufacturing companies were charged for:

Question

Quizplus · Accepted Answer

Leveraging Inc. and Allen Motors Co. were charged with conspiring to keep the end-user price for hatchback cars artificially high, which is an example of price fixing. Price fixing is an agreement between competitors to set their prices at a certain level, thus eliminating competition and keeping the prices artificially high.