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Why would a group of companies be willing to cooperate in price fixing?
Wiki User
∙ 12y ago
Because they can each make more money, individually.
If competing companies actually compete then they will sell their product as cheaply as possible, since the customer is most likely to buy the cheapest option. However, if the competing companies can agree to fix the price, then they can charge more money without losing out to another company who is willing to sell the product for cheaper.
Michael Scalise
Wiki User
∙ 12y agoso they could all make more money. (apex)
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Why would group of companies be willing to cooperate in price fixing?
To maximise profits.
Why would a group of companies be willing to cooperate in price-fixing?
So that they could all make more money.
Why would a group of companies be willing to cooperate in the price-fixing?
So that they could all make more money.
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price fixing
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A trust or a monopoly
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Refusing to do what one is being forced to do.
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