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What is the term that describes when a market with few sellers has price agreements such that the sellers cooperate with each other in order to avoid competition?

What is the term that describes when a market with few sellers has price agreements such that the sellers cooperate with each other in order to avoid competition?
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What is the term that describes when a market with few sellers has price agreements such that the sellers cooperate with each other in order to avoid competition?

User Kashiem
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2 Answers

4 votes

collusion* is the actual answer

User Codingadventures
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5 votes
Collision is the term
User El Dude
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