Question

what is price rigging

what is price skimming

Answer 1

Hello! dear,

Your answer goes like this ....

             What is price Rigging?
Ans:-The fixing of a rice Between two members On the same side in a to buy {or} to sell a product only at a fixed price.

              What is Price Skimming?
Ans:-Well,A Price Skimming is  a Pricing method in which a marketer will set a  high price to the product,At first but after sometime the product's Price will lowers the over time.


Thank you dear,

Hope It helps.

Answer 2

Answer:

• Price rigging is an illegal action that occurs when parties conspire to fix or inflate prices to achieve higher profits at the expense of the consumer. Also known as "price fixing" or "collusion," price rigging can take place in any industry. ... Price rigging is a form of market manipulation.

• Price skimming is a pricing strategy in which a marketer sets a relatively high initial price for a product or service at first, then lowers the price over time. It is a temporal version of price discrimination/yield management