Two or more competitors explicitly or implicitly setting prices is referred to as
A) competitive collusion.
B) vertical price fixing.
C) horizontal price fixing.
D) lateral price fixing.
E) price cooperation.

Question

Quizplus · Accepted Answer

Horizontal price fixing occurs when competitors at the same level of the market structure agree to set prices, rather than letting competition in the market determine them.

Two or More Competitors Explicitly or Implicitly Setting Prices Is