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What do you mean by price …

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What do you mean by price rigging

Posted by Pranjal Srivastava 7 years, 11 months ago

CBSE > Class 12 > Business Studies

1 answers

Mohit Sharma 7 years, 11 months ago

An illegal action performed by a group of conspiring businesses that occurs when the firms agree to artificially inflate prices in an attempt to recognize higher profits at the expense of the consumer. Price rigging can be found in any industry and is regulated by the antitrust division of the United States Department of Justice.

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