When rival companies illegally talk to each other about their price setting intentions,this is known as price ________.
A)predation
B)collusion
C)plagiarism
D)penetration
E)deception

Question

Quizplus · Accepted Answer

Collusion refers to illegal agreements or conversations between rival companies to fix prices at a certain level or range to avoid competition in the market. This act is illegal and goes against the rules of fair competition. Predation, plagiarism, penetration, and deception are not relevant in this context.

When Rival Companies Illegally Talk to Each Other About Their