Discussion Prompt Question48 for Marketing Price Fixing

Application of concepts

Address the following prompt that has two parts.   Be certain to include facts or information that supports your assertions, which are properly referenced in the body of your work and at the end.

Prompt–TWO PARTS:

Part 1: Discuss the concept of “Price Fixing” by the business. This is usually not generally viewed as an acceptable procedure (at least in the domestic market). Discuss the Fender example (article below).

Part 2: Then discuss price-fixing in regard to when governments enter the field of price administration, they presume to do it for the general welfare to lessen the effects of `destructive’ competition. Discuss.

Here are some articles

https://www.thestreet.com/markets/what-is-price-fixing-14988936

https://www.billboard.com/articles/business/8548948/fender-uk-price-fixing-fine-competition-markets-authority

the purpose of these discussions is to talk about the ideas, share thoughts, and develop questions and comments about the points listed.