Asked by Emily Gutierrez on Apr 28, 2024
Verified
If two or more companies agree to maintain a certain price on a product, they are engaging in a deceptive and illegal practice called price ________.
Price Fixing
An illegal agreement between competitors to fix, control, or maintain the price of goods or services at a certain level, often higher than the free market would set.
- Explain the regulatory and ethical considerations involved in setting prices.
Verified Answer
AH
Learning Objectives
- Explain the regulatory and ethical considerations involved in setting prices.