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What is the term that describes a group of firms cooperating with each other in order to avoid competition? competition collusion communication combination

What is the term that describes a group of firms cooperating with each other in order to avoid competition? competition collusion communication combination
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What is the term that describes a group of firms cooperating with each other in order to avoid competition?

competition
collusion
communication
combination

asked
User Jim Hewitt
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7.4k points

1 Answer

5 votes
The term that best describes a group of firms cooperating with each other to avoid competition is collusion. The correct answer is B. 
answered
User Zura
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8.7k points
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