The four Toyota dealers in the metro area agree on a "floor" on priced for the Prius, without informing the regional office.
A price floor is government imposed limit on how low a price can be charged for a product or service. An example of a price floor in the US are minimum wage laws. The government has set the minimum wage that a company can pay an employee.
The three problems of allocating goods and services using the non-price related methods is that it may lead to the exploitation of the customers, price fixing and may lead to huge loses.
Price earnings ratio.
A ballpark price is an estimate price. For example, a video game may be $19.95, but the ballpark price would be $20.00.
There is no bond specified. Probably the one with the greatest maturity.
Explain the differences between horizontal and vertical price fixing..
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.
Price fixing is illegal within the United States, Australia and the European Union
In the situation of "price fixing" the consumer generally will have to pay more for a product.
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.
no
Fixing the price
Price Fixing
secret
True
price fixing
Price fixing