________ Could Result in Overall Higher Prices for Consumers Since

question 86

Multiple Choice

________ could result in overall higher prices for consumers since various competitors are all pricing the same to maximize their profits.

• A) Price-fixing
• B) Price discrimination
• C) Deceptive pricing
• D) Reference pricing
• E) Predatory pricing

---

Definitions:

Optimal Bidding

The strategy of placing the most advantageous bid in an auction or competitive environment, balancing the potential benefit against the cost.

Shade Bid

A strategic bidding tactic where the bid is intentionally made lower or higher than what is considered fair or anticipated, often used in auctions or competitive tenders.

High-value

Items, services, or relationships deemed to have significant worth or importance, often based on their quality, utility, or rarity.

Expected Revenue

The amount of money a business anticipates receiving from the sale of goods or services within a certain time period.