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Business Law Essay

393 Words2 Pages
Companies are allowed to set their prices as they see fit; however, there are some laws that are set by the government that have to be followed because it is the law. Some of these laws are: price fixing, imposing minimum prices, and selling goods below cost. Price fixing when competing business get together and have an agreement to fix their prices or the charge a certain fee. Antilaws require each company to establish prices on it’s on without having an agreed price with its competitors. These companies can base their price off of supply and demand but not off of a mutual agreement. If companies agree to a specific price it frequently led to a higher price that buyers would have to pay. This agreement does not have to be written it can
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