Answer:
price fixing
Explanation:
The collusion occurs when firms agree to collaborate in a way that disrupt markets such as fixing prices above the actual price to alter the equilibrium of the market
Answer:
Price fixing
Explanation:
-Price lowering is when a company decreases the price for a product or service.
-Profit maximization is when a business defines the quantity and price that provides more benefits.
-Price fixing is when companies in the same market make an agreement to sell a product at a certain price which is considered illegal.
-Profit sharing is when companies share a percentage of its profits with the employees.
Considering the definitions and that collusion is when competitors make a secret agreement to get an advantage in the market, the answer is that the form of collusion is price fixing.
