When firms negotiate price and market share among themselves in a way that is designed to limit competition, this practice is called
A) horizontal cartelization
B) conspiracy to merge
C) anticapitalism
D) collusion
E) illicit conglomeration

Question

Quizplus · Accepted Answer

Collusion refers to an agreement between firms to limit competition, often by setting prices or market shares, which is illegal in many jurisdictions.

When Firms Negotiate Price and Market Share Among Themselves in a Way