When two or more firms agree to collaborate on wrongful acts, it is referred to as
A) consumerism.
B) collusion.
C) market segmentation.
D) oligopoly.
E) monopoly.

Question

Quizplus · Accepted Answer

Collusion is the illegal practice of two or more firms agreeing to cooperate with each other to gain an unfair advantage over the market. It can involve fixing prices, restricting output, or dividing markets among themselves.

When Two or More Firms Agree to Collaborate on Wrongful