Price fixing is most likely to be found in industries where brand _______ is difficult, such as oil, paper, glass and chemicals.
A)protection
B)standardization
C)differentiation
D)penetration

Question

Quizplus · Accepted Answer

Price fixing is most likely to occur in industries where brand differentiation is difficult, as customers are less likely to switch brands if they perceive them as identical. In industries such as oil, paper, glass, and chemicals, where products may be perceived as similar, price fixing can be used to avoid price competition.

Price Fixing Is Most Likely to Be Found in Industries