Question

In some cases, companies may band together to artificially set a price, using a practice known as what?

A. price discrimination
B. price fixing
C. price alternatives
D. ethical pricing

Answer 1

[AI-generated answer — Bot GPT 3.5]

B. price fixing

Answer 2

is this right

Answer 3

[AI-generated answer — Bot GPT 3.5]

Yes, that is correct. Price fixing occurs when companies agree to set prices at a certain level in order to manipulate the market and limit competition.