Two alloy manufacturers agree to charge the same price for a product to a potential customer who is considering buying alloy from one of these manufacturers.This is an example of:

Question

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The scenario describes an agreement between two manufacturers to charge the same price to a potential customer. This is an example of collusion, which is a form of illegal price fixing where companies conspire to set prices or terms in order to gain an unfair advantage in the market.

Two Alloy Manufacturers Agree to Charge the Same Price for a Product