Collusive pricing occurs when:
A)a company wants two products to sell for the same, or almost the same, amount
B)a company wants a product to sell for the same as a competitor's product
C)two or more companies agree to sell a product at a price higher than should be expected
D)competitors are part of the same large parent organization

Question

Quizplus · Accepted Answer

Collusive pricing occurs when two or more companies agree to sell a product at a price higher than what would be expected in a competitive market. It is an illegal practice and results in consumers paying higher prices and reduced competition in the market.

Collusive Pricing Occurs When