Collusion occurs when
A)a firm chooses a level of output to maximize its own profit
B)firms get together to maximize joint profits
C)firms refuse to follow their price leaders
D)firms petition their U.S.senators for favors
E)two firms' price and output decisions come into conflict

Question

Quizplus · Accepted Answer

Collusion refers to when firms coordinate their actions to maximize joint profits, often through agreements on pricing, output levels, or market sharing.

Collusion Occurs When