When firms collude they usually do so to?

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1050922

2026-03-19 20:46

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When firms collude, they typically do so to reduce competition and maximize their collective profits. By coordinating their actions, such as setting prices or limiting production, they can create a more favorable market environment for themselves. This often leads to higher prices for consumers and can stifle innovation and market entry by new competitors. Collusion is illegal in many jurisdictions as it undermines the principles of free market competition.

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