Horizontal price fixing refers to the ability of manufacturers and wholesalers to set final retail selling prices.

Name: Horizontal price fixing refers to the ability of manufacturers and wholesalers to set final retail selling prices.
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Question

Quizplus · Accepted Answer

Horizontal price fixing is illegal and refers to an agreement between competitors to set prices at a certain level. It is not legal for manufacturers and wholesalers to set final retail selling prices as it violates antitrust laws.

Horizontal Price Fixing Refers to the Ability of Manufacturers and Wholesalers