Resale price maintenance involves a firm Group of answer choices colluding with another firm to restrict output and raise prices. selling two individual products together for a single price rather than selling each product individually at separate prices. temporarily cutting the price of its product to drive a competitor out of the market. requiring that the firm selling its product do so at a specified price.

The correct answer is the third option: Temporarily cutting the price of its product to drive a competitor out of the market.

Explanation:

To begin with, the concept of ''resale price maintenance'' in the field of marketing and business consists in the practice where a company agrees with its distributors that those last ones will sell the product of the company at a certain price established and if the reseller does not want to do it then the company will stop doing business with it. Moreover, the main purpose of this practice is to prevent resellers to compete too fiercely on price and therefore that the resale price maintenance practice involves to temporarily cutting the price ot its product to drive a competitor out of the market.