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The owners of the rival gas stations in a small town meet secretly and agree that they will charge consumers the same price on gasoline so that they can maximize profits. this is an example of​ _______.

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The answer is profit maximization. This occurs when an organization, company or firm establish a price and level that will be of benefit for them in terms of having to be provided with profit that is greater. It is likely seen in the statement above as they change the price and level for obtaining a maximize profit.

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