In Australia, a collusive agreement to restrict output and increase prices is
A) the key tool used by monopolistic competitors.
B) the key tool used by oligopolists.
C) illegal.
D) legal.

Question

Quizplus · Accepted Answer

In Australia, collusive agreements to restrict output and increase prices are illegal under competition law, specifically the Competition and Consumer Act 2010, which aims to prevent anti-competitive behavior.

In Australia, a Collusive Agreement to Restrict Output and Increase