When two or more organizations conspire to set prices above a competitive price, they are engaging in:

Question

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Collusive pricing involves two or more organizations conspiring to set prices above a competitive price. Predatory pricing refers to setting very low prices to drive competitors out of business, while price gouging refers to charging exorbitant prices during times of crisis or high demand. Price discrimination involves charging different prices to different customers based on factors such as location or consumer characteristics.

When Two or More Organizations Conspire to Set Prices Above