Answer:
price fixing agreement
Explanation: Price fixing is an agreement (written, verbal) among competitors to sell a product, service, or commodity only at a fixed price. These competitors who agree to this agreement are responsible for raising, lowering, or stabilizing prices according to their competitive terms. Generally, consumers make choices to what products and services to buy, and they expect that the price should be determined freely on the basis of supply and demand, not by an agreement among competitors. in this type of case, prices tend to be higher which is a major concern for the consumers.