An organization decides to meet with its competitor in order to agree to fix prices in a certain market. This is an example of ________.
A)a third- party linkage mechanism
B)an illegal collusion agreement
C)a cartel
D)forming a strategic alliance

Question

Quizplus · Accepted Answer

An illegal collusion agreement is an agreement between two or more companies to fix prices, divide markets, or otherwise restrain competition.

An Organization Decides to Meet with Its Competitor in Order