Illinois Real Estate Broker Post-License Practice Exam

Individually pricing items based on market demands is an action not classified as price fixing because it allows for independent decision-making by each seller. When an individual seller sets prices based on market demand, they take into account factors such as competition, supply costs, and consumer preferences without collusion or agreement with other sellers. This practice is in line with healthy market competition, where businesses respond to market conditions autonomously.

In contrast, actions like setting minimum prices or agreeing on prices with competitors involve collusion, which is why they can be considered price fixing. Coordinating discounts among retailers also suggests a level of agreement that can lead to anti-competitive behavior, contrary to the independent pricing that market demands encourage. Thus, individual pricing based on market demands promotes competitive behavior consistent with legal practices in commerce.