EDWIN2034 EDWIN2034

15-08-2019
Social Studies

contestada

Two firms would sometimes be better off if they got together and agreed to charge a high price, rather than to compete and risk having to charge a lower, competitive price. What is the greatest deterrent to this strategy?

Respuesta :

sandlee09 sandlee09

27-08-2019

Answer:

it is Illegal

Explanation:

According to my research on business strategies, I can say that based on the information provided within the question the greatest deterrent to this strategy is that it is Illegal. If two companies agreed to charge higher prices they can be audited and charged a significant fine by the Government, since it is completely illegal.

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