The prices of chewing gums,candy bars are traditionally fixed at 50 cents;this limits the industry from raising its prices beyond a certain level.This pricing is an example of _____.

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The pricing of chewing gums and candy bars at 50 cents is an example of customary pricing. This type of pricing is based on long-held traditions and practices within a particular industry or market, which sets a limit on how much prices can vary from the established norm.

The Prices of Chewing Gums,candy Bars Are Traditionally Fixed at 50