When two or more organisations conspire to set prices above a competitive price, they are engaging in

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Collusive pricing refers to an illegal activity where multiple companies collaborate to set market prices higher than the competitive price. This leads to limited options for consumers and reduced competition in the market. Predatory pricing refers to pricing goods lower than the cost of production with the intention of driving competitors out of business. Price gouging refers to pricing goods higher than the market value in response to an event that limits supply. Price discrimination refers to charging different prices for the same goods or services to different groups of people based on certain characteristics.

When Two or More Organisations Conspire to Set Prices Above