Univ Airlines and Mirago Airlines are two competing airlines. They make an agreement to charge customers a certain price for airfreight. This leads to the filing of several lawsuits against them by other airlines
In this scenario, the two firms most likely indulged in__________.
Fill in the blanks with correct word.
ANSWER: price fixing
The two firms most likely indulged in price fixing. Price fixing is an agreement between two or more firms on the price they will charge for a product.
Business
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