What Type of Pricing Tactic Is Being Used When Several

question 110

Multiple Choice

What type of pricing tactic is being used when several airlines agree to charge the same fare for a single route?

• A) Horizontal price fixing
• B) Vertical price fixing
• C) Horizontal price discrimination
• D) Vertical price discrimination
• E) Loss leader pricing

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Pseudoscience

A collection of beliefs or practices mistakenly regarded as being based on scientific method but do not adhere to a valid scientific methodology.

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Pertaining to the science of life or living matter in all its forms and phenomena, especially with reference to origin, growth, reproduction, structure, and behavior.

Chemistry

The science that examines the composition, structure, properties, and changes of matter, focusing on atoms and their interactions.