Whether explicit or implicit,firms that engage in collusion face a number of fundamental ethical challenges.

Question

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Collusion involves two or more companies conspiring to limit competition, which can be considered unethical. Such practices can lead to higher prices for consumers, reduced quality of products and services, and a lack of innovation in the market. Therefore, firms that engage in collusion face ethical challenges.

Whether Explicit or Implicit,firms That Engage in Collusion Face a Number