If firms meet together to decide on prices and outputs,it is called:

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When firms meet together to decide on prices and outputs, they are engaging in collusion, which is an anti-competitive behavior and illegal in many countries. Oligopolistic competition refers to a market structure dominated by a few large firms, but they compete with each other rather than colluding. Price leadership occurs when one firm sets the price and others follow, but there is no explicit agreement among them. A pricing conglomerate is not a commonly used term in economics.

If Firms Meet Together to Decide on Prices and Outputs,it