Price fixing is when companies that have the same products in common come together to agree to a set price. Price fixing is fair and is in the best interest of being socially responsible by protecting the market from becoming a monopoly.
Price [Apex]
Price.
A socially responsible consumer will want to make sure a decision is good for the community or the environment more so than just getting a good deal for a service or good. This is a responsible act.
Explain the differences between horizontal and vertical price fixing..
Price fixing is illegal within the United States, Australia and the European Union
Price fixing can only be collusion if it happens due to all the firms in an oligopoly system come together to decide the price. Price fixing can also be implemented by government (especially in agriculture sector), in which case is not considered a collusion.
In the situation of "price fixing" the consumer generally will have to pay more for a product.
Is the behavior when dealing with Customers, Suppliers, Society, and the Environment. Some examples of ethical and unethical issues are honesty or bribery when negotiating deals, price fixing, insider trading, discrimination or affirmative action in hiring, and the use of child labor.
no
Fixing the price
Price Fixing
secret