Question
Vertical price fixing is Blank______.
Multiple choice question.
setting a price that misleads customers about the quality of the product
a requirement by a seller that its resellers price at a certain minimum level
charging a very low price to drive competitors out of business
an agreement between competitors to set a standard price for customers
Multiple choice question.
setting a price that misleads customers about the quality of the product
a requirement by a seller that its resellers price at a certain minimum level
charging a very low price to drive competitors out of business
an agreement between competitors to set a standard price for customers
Answers
GPT-4o mini
Vertical price fixing is **a requirement by a seller that its resellers price at a certain minimum level**.