asked 231k views
0 votes
You and the owner of the shoe store across the street decide to engage in collusion and fix prices to _____.

asked
User Wrahim
by
7.9k points

2 Answers

3 votes

Answer:

maximize profits

Step-by-step explanation:

because as a businees u want more money

answered
User Narcolessico
by
8.3k points
6 votes
You and the owner of the shoe store across the street decide to engage in collusion and fix prices to maximize profits. The answer to the missing detail in your statement is maximize profits. Profits maximization is either a long or short term process which a firm evaluates the price and output level which returns the greatest profit. 
answered
User Mark Wright
by
8.6k points
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