Answered

Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Discover a wealth of knowledge from professionals across various disciplines on our user-friendly Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Question 8 of 10

What is price-fixing?

A. When different companies agree to charge the same price for products
B. When the government controls the prices of goods and services
C. When lawyers meet with business owners to set prices and shipping costs
D. When consumers stop buying a good because the price is too high

Sagot :

GinnyAnswer

Final answer:

Price-fixing involves firms agreeing to increase prices and limit competition, sometimes through informal means.


Explanation:

Price-fixing refers to a group of firms colluding to increase prices and restrict competition. An example of this is the Great Electrical Conspiracy involving GE and Westinghouse. Price-fixing can also occur through tacit agreements without formal collusion.


Learn more about Price-fixing here:

https://brainly.com/question/35836761


Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.