Question

When two or more businesses work together to remove their competition, set prices, and control distribution, it is called _________. collusion collusion Sherman Antitrust Act Sherman Antitrust Act fair competition fair competition price fixing

Answer 1

Collusion

Step-by-step explanation:

Collusion is when two or more businesses work together to remove their competition, set prices, and control distribution. Collusion means that the players in a competition decide upon one price and promise to abide by it. This way there is no cost cutting and market is equally divided between the players.