Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one day, nancy and chu

Question

Dmitrij [34]

3 years ago

5

Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one day, nancy and chu

ck get together and decide to drastically raise their prices. this is an example of _______.

Business

1 answer:

UkoKoshka [18] · Answer 1 · 2022-04-22T04:53:46+03:00

UkoKoshka [18]3 years ago

4 0

<span>Price fixing</span>

This is a practice whereby rival companies or participants in a similar market reach an illicit agreement not to sell goods or services below a certain price or maintain the market conditions such that the price is fixed at a certain point.

Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one​ day, nancy and chu

Nancy owns a gas station in a small town. her friend chuck owns the only other station in the community. one day, nancy and chu