What illegal act is occurring when the largest road building companies agree to submit bids that are well above the market but equal to each other's?

Name: What illegal act is occurring when the largest road building companies agree to submit bids that are well above the market but equal to each other's?
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Question

Quizplus · Accepted Answer

This scenario describes "identical bidding," where companies collude to set their bid prices at an artificially high level, reducing competition and manipulating the market.

What Illegal Act Is Occurring When the Largest Road Building