An agreement between two or more firms to collude in order to establish a price and not to compete on the basis of price is:
A) price-fixing.
B) output control.
C) market sharing.
D) coercion.

Question

Quizplus · Accepted Answer

Price-fixing is an agreement between two or more firms to collude in order to establish a price and not to compete on the basis of price. It is illegal in many countries, including the United States, under antitrust laws.

An Agreement Between Two or More Firms to Collude in Order