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  • 24-07-2018
  • Social Studies
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__________ is when several companies agree to sell the same good at the same price. A. Price fixing B. Tying contracts C. Predatory pricing D. Price discrimination

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LearnGrow
LearnGrow LearnGrow
  • 24-07-2018

Price fixing is when several companies agree to sell the same good at the same price. Correct answer: A

It is an agreement between business competitors to set their prices of good or services at a certain price point. Price fixing violates competition law because it controls the market price or the supply and demand of a good or service.

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