contestada

Jay Farnswood is the president of a local group of real estate agents. At their monthly luncheon meeting, Farnswood stood and told his colleagues that he simply could not survive by charging the 5 percent commission rate and noted, "I don't know what the rest of you are going to do, but as an organization we all need to start charging 6 percent commission on our listings." Farnswood's statement:

Respuesta :

Answer: constitute price fixing

Explanation:

Price fixing is an agreed price by participant on the same party of a market either buying or selling a product or rendering services to the aim of maintaining the stability of the market in it's supply and demand.

Jay is trying to speak with other real estate agents on them having a fixed price to be issued to their clients. This is known as constitute price fixing