Question

Name one form of collusion

Question 16 options:

price lowering


profit maximization


price fixing


profit sharing

Answer 1

One form of collusion is price fixing

Step-by-step explanation:

collusion is said to be when two or more entities come up with an agreement to achieve a purpose which is illegal by law by denying people of the rights and this is done mostly by rival groups coming together for their self gains. and one of these form of collusion is price fixing as seen with OPEC (a body that fixes oil prices ) they are a formal kind of collusion cartel

Answer 2

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