asked 92.8k views
1 vote
When two or more businesses work together to remove their competition, set prices, and control

distribution, it is called

When two or more businesses work together to remove their competition, set prices-example-1
asked
User Jgreep
by
7.9k points

1 Answer

6 votes

Answer:

C. Collusion

Step-by-step explanation:

When two or more businesses work together to remove their competition, set prices, and control distribution, it is called "collusion".

Collusion is known to be a secret which os seen as illegal agreement between rivals. These rivals conspire to work together in order to achieve and acquire unfair market advantage.

Any act that's effected by collusion is considered to be "void".

answered
User Sam Casil
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.