An agreement among firms over production and price is called:

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Collusion is when firms agree to limit competition among themselves by coordinating production and pricing strategies. This is typically done to increase profits at the expense of consumers. Conspiracy implies an illegal or unethical agreement, whereas collusion can be legal. Multinational corporation refers to a company that has operations in multiple countries, while a trade arrangement refers to an agreement between countries regarding the terms of international trade.

An Agreement Among Firms Over Production and Price Is Called