Collusion is a situation where businesses:
A) agree to cooperate, and the U.S. government works hard to encourage this behavior.
B) have noncooperative outcomes, because they compete outside the public eye.
C) agree to cooperate, and their behavior does not serve the public interest.
D) act in their own self-interest and ignore what the other businesses are doing.

Question

Quizplus · Accepted Answer

Collusion involves businesses cooperating with each other and engaging in actions that do not necessarily serve the public interest. This can lead to anti-competitive behavior, price fixing, and other harmful outcomes. Therefore, choice C is the best option.

Collusion Is a Situation Where Businesses