127k views
0 votes
Name one form of collusion

Question 16 options:

price lowering


profit maximization


price fixing


profit sharing

User Phatduckk
by
5.2k points

2 Answers

0 votes

Answer:

Price fixing

Step-by-step explanation:

-Price lowering is when a company decreases the price for a product or service.

-Profit maximization is when a business defines the quantity and price that provides more benefits.

-Price fixing is when companies in the same market make an agreement to sell a product at a certain price which is considered illegal.

-Profit sharing is when companies share a percentage of its profits with the employees.

Considering the definitions and that collusion is when competitors make a secret agreement to get an advantage in the market, the answer is that the form of collusion is price fixing.

User Richard Turner
by
6.0k points
6 votes

Answer:

price fixing

Step-by-step explanation:

The collusion occurs when firms agree to collaborate in a way that disrupt markets such as fixing prices above the actual price to alter the equilibrium of the market

User Cji
by
5.5k points