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When companies do not set their own prices based on expense and profit margins, but instead work with other companies to determine what something should cost, this is referred to as

cooperative planning
price fixing
market adjustment
predatory pricing

Respuesta :

Price fixing

Explanation:

  • In price-fixing, two entities agree to sell the product with a set price. Monopolies are easy to find fix prices.
  • In cooperative planning, it believed that working with regional agencies, local governments and stakeholders is the fundamental element of making good planning.
  • Predatory pricing is the pricing where they will price the services and goods at a low level so the suppliers cannot compete.
  • Market adjustments are the adjustments that occur due to the change in market conditions or parameters that came from the response to the market's signals.

When companies do not set their own prices based on expense and profit margins, but instead work with other companies to determine what something should cost, this is referred to as price fixing.

Explanation:

When two or more enterprise that are operating on a same kind of market decides the price of the product it is called as price fixing. This is done for the purpose of attaining the profits at higher levels. This can be considered as an agreement that exists between two companies to buy a product or sell a product at a price that is fixed by them.

This is done for the purpose of keeping demand and supply under their control. The price fixing can be implied or expressed. This is done for making profits for all sellers in agreement. It is considered as an illegal one since, it makes a product to have higher prices.