107k views
3 votes
What is the term that describes a group of firms cooperating with each other in order to avoid competition?

competition
collusion
communication
combination

User Jim Hewitt
by
7.4k points

1 Answer

5 votes
The term that best describes a group of firms cooperating with each other to avoid competition is collusion. The correct answer is B. 
User Zura
by
8.7k points