Question

what do you call an agreement made between different companies to charge the same amount for products? a. the gospel of wealth b. trust c. price - fixing d. laissez - faire

Explanation:

• Option A: "The Gospel of Wealth" is about wealth distribution and philanthropy, not related to company pricing agreements.
• Option B: "Trust" in business usually refers to a legal or business entity combining companies, not about pricing.
• Option C: "Price - fixing" is defined as an agreement between competing entities (like different companies) to set the same price for products or services, which matches the description in the question.
• Option D: "Laissez - faire" is an economic policy of minimal government intervention, not about company pricing agreements.

Answer:

C. Price - fixing