A type of cooperative strategy where two or more firms cooperate to increase prices above the fully competitive level is often referred to as:
A)network strategy
B)corporate level strategy
C)collusive strategy
D)cooperatives

Question

Quizplus · Accepted Answer

A cooperative strategy where firms cooperate to increase prices above the fully competitive level is known as a collusive strategy. This strategy goes against the principles of fair competition and can result in price fixing and reduced consumer welfare.

A Type of Cooperative Strategy Where Two or More Firms