When sellers set prices after talking to competitors and engaging in collusion, they are involved in ________.
A) predatory pricing
B) discriminatory pricing
C) price fixing
D) skimming pricing
E) penetration pricing
Answer: C
When sellers set prices after talking to competitors and engaging in collusion, they are involved in ________.
A) predatory pricing
B) discriminatory pricing
C) price fixing
D) skimming pricing
E) penetration pricing