What is collusion?
A)Cooperation between sellers to increase the level of competition
B)Regulatory restrictions on the entry of new sellers into an industry
C)A merger of two sellers
D)Agreements between sellers to increase their market power

Question

Quizplus · Accepted Answer

Collusion refers to agreements between sellers to limit competition and increase their market power. This can include price-fixing, dividing markets, and other anti-competitive practices that harm consumers. Collusion is illegal under antitrust laws in most countries.

What Is Collusion