"People of the same trade seldom meet together,even for merriment and diversion,but their conversation often ends in a conspiracy against the public." This quote from Adam Smith is referring to which of the following business relationship terms?
A) Combination
B) Cooperation
C) Collusion
D) Collaboration

Question

"People of the same trade seldom meet together,even for merriment and diversion,but their conversation often ends in a conspiracy against the public." This quote from Adam Smith is referring to which of the following business relationship terms? 
A) Combination 
B) Cooperation 
C) Collusion 
D) Collaboration

Quizplus · Accepted Answer

The quote from Adam Smith is referring to collusion, which is an agreement between two or more parties to deceive or defraud others. It involves secretive and often illegal behavior, aimed at manipulating the market or eliminating competition. Combination, cooperation, and collaboration do not necessarily involve such negative practices.

"People of the Same Trade Seldom Meet Together,even for Merriment