Collusive price setting refers to price setting by monopolists or collusion parties at a level lower than the competitive level.

Name: Collusive price setting refers to price setting by monopolists or collusion parties at a level lower than the competitive level.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Collusive price setting typically involves firms or parties agreeing to set prices at a higher level than would prevail in a competitive market, not lower. This is done to maximize their collective profits at the expense of consumers.

Collusive Price Setting Refers to Price Setting by Monopolists or Collusion