Price Fixing Happens When

Multiple Choice

Price fixing happens when

A) two or more companies collude to sell a product or provide a service for price higher than what is expected in the market.
B) a company decides to set its price to match its competitor's price.
C) a company determines that in order to sell more of its product, it should lower its selling price.
D) demand exceeds supply for a company's product, and the company in turn, increases its selling price.