When two or more firms conspire to fix prices, they do something
A)anticompetitive but legal.
B)competitive but illegal.
C)illegal and anticompetitive.
D)legal and competitive.
E)that increases profits of major producers in the market.

Question

Quizplus · Accepted Answer

When two or more firms conspire to fix prices, it is illegal under antitrust laws and also anticompetitive as it eliminates competition in the market.

When Two or More Firms Conspire to Fix Prices, They