Conscious Parallelism Occurs When ________

question 44

Multiple Choice

Conscious parallelism occurs when ________.

• A)parties at different levels enter into an agreement to adhere to a price schedule that stabilizes prices
• B)one party makes an independent choice not to deal with another
• C)two or more firms act the same but no concerted action is shown
• D)a party's anticompetitive effects outweigh its procompetitive effects

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Definitions:

Prestige Pricing

A pricing strategy where prices are set higher than average to create an image of exclusivity and high quality, appealing to status-conscious consumers.

Demand-oriented Approach

focuses on understanding and meeting the existing demand of consumers as the primary strategy for product development and marketing.

Prestige Pricing

A pricing strategy where goods are priced high to present a perceived value of exclusivity and luxury.

Talbots Label

Talbots Label is a brand focusing on classic women's clothing, shoes, and accessories, known for offering timeless pieces with a modern twist.