Respuesta :
One of the actions that landed the consolidated multiple listing service of south carolina in court was prohibiting members from offering home sellers the opportunity to avoid paying a broker’s commission if the seller located a buyer on their own. The type of antitrust violation does this exemplify is Price fixing (Group boycotting).
What is Price fixing?
Price fixing is the practise of market players agreeing to jointly increase, decrease, or stabilise prices in order to manage supply and demand. The technique damages customers and companies on the receiving end while benefiting the people or businesses engaged in determining the pricing.
Why is price-fixing prohibited?
Price fixing is prohibited by both Canadian and American competition laws. It is believed that the approach is anti-competitive and eventually harms both customers and businesses. Price fixing gives businesses the power to discourage market competition. Instead of competing in a market that is competitive, manufacturers can more easily and profitably agree upon pricing and establish them collectively. Customers are victimised and businesses are under less incentive to maintain competitive rates.
It is essential to remember that companies are free to charge the same amount. Only when these businesses come to a price-setting agreement with one another does the legality question become relevant.
Learn more about Price fixing https://brainly.com/question/28222498
#SPJ4
