lo8 - sleazy, inc. was accused of explicit colluding with several other companies because the sleazy directly negotiated pricing

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lo8 - sleazy, inc. was accused of explicit colluding with several other companies because the sleazy directly negotiated pricing

and output and divided the market with those companies. this price-fixing entity among multiple competitors is known as .

Business

1 answer:

Vinvika [58] · Answer 1 · 2024-06-20T18:34:46+03:00

This price-fixing entity among multiple competitors is known as a cartel.

Price solving is an anti-competitive agreement between individuals on the same side in a marketplace to buy or sell a product, service, or commodity most effective at a hard and fast rate, or maintain the marketplace conditions such that the charge is maintained at a given level by way of controlling deliver and call for.

As instance, whilst competing speedy-meals chains that sell hamburgers agree on the retail charge of cheeseburgers, that horizontal settlement is illegal under antitrust laws.

Learn more about price-fixing here:brainly.com/question/24238269
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