What is the term that describes a group of firms cooperating with each other in order to avoid competition? competition collusion communication combination

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16-03-2015
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What is the term that describes a group of firms cooperating with each other in order to avoid competition? competition collusion communication combination

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HistoryGuy HistoryGuy · Answer 1 · 2015-03-16T16:37:53-04:00

HistoryGuy HistoryGuy

16-03-2015

The term is "collusion" and it's illegal in the United States. Competition is a healthy and necessary part of a thriving economy, and the government tries to ensure that it's practiced at all times.

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