Horizontal price fixing occurs when:

A) A manufacturer requires its independent dealers to sell its products at a given price.
B) One or more companies charge the same prices for goods at all their stores for an
unreasonable length of time.
C) A company with the entire market on a patented product sells the product at a fixed price.
D) Prices are determined with reference to an index, such as the average price of crude oil,
which neither the seller nor a purchaser can control.
E) Two or more competing companies agree on the prices to charge for their products.


E

Business

You might also like to view...

What is international strategy and why it is important?

What will be an ideal response?

Business

The concept of atmospherics is only applicable to bricks-and-mortar-based retailers

Indicate whether the statement is true or false

Business

Harold purchased 400 pairs of gloves from Isaac at a contract price of $800 . Fifty of the gloves were defective and a dispute arose as to the amount due and owing under the contract. Harold refuses to pay the $800, and Isaac is threatening to sue. Which of the following is correct with regard to this transaction?

a. If Isaac agrees to accept $600 to settle the dispute and Harold agrees to pay that amount, the agreement is enforceable. b. If Isaac agrees to accept $600 to settle the dispute and Harold pays that amount, Isaac can still sue for the balance of $200 and will win the lawsuit. c. Harold is under a pre-existing legal obligation to pay the $800. d. Two of these but not all three

Business

The Small Business Administration advises sales people to put the customer first, stay close to the customer, and pay attention to details.

Answer the following statement true (T) or false (F)

Business