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Because they can each make more money, individually.
If competing companies actually compete then they will sell their product as cheaply as possible, since the customer is most likely to buy the cheapest option. However, if the competing companies can agree to fix the price, then they can charge more money without losing out to another company who is willing to sell the product for cheaper.
What else can I help you with?
Most start-up companies are founded by people in what age group?
most start up companies are founded by people in what age group?
What group in Hawaii was in favor of annexation by us?
Sugar and fruit companies
What group of writers refused to answer the questions of the HUAC and were sent to jail?
The Hollywood Ten
A group of companies that controlled by a single group of business leaders is an example of?
that is a monopoly. Mono is prefix that means one, Poly is suffix meaning many. So a monopoly is one that controls many bodies, or many entities controlled by one person or company.
Why is it important for group members to be group oriented?
you tell me
Why would group of companies be willing to cooperate in price fixing?
To maximise profits.
Why would a group of companies be willing to cooperate in price-fixing?
So that they could all make more money.
Why would a group of companies be willing to cooperate in the price-fixing?
So that they could all make more money.
A group of companies agrees to charge the same inflated price for a good?
price fixing
A group of companies that agree to cooperate with each other by setting prices production quotas and wages is called?
A trust or a monopoly
Why would a group of companies be willing to cooperate?
A group of companies may choose to cooperate to leverage shared resources, reduce costs, and enhance competitive advantages in the market. Collaborative efforts can lead to innovation through pooling knowledge and technology, allowing them to tackle larger projects or enter new markets more effectively. Additionally, cooperation can improve risk management by diversifying investments and sharing the burden of challenges. Ultimately, working together can create synergies that benefit all parties involved.
What are the advantages and disadvantages of cooperate sales?
explain the process in relationto cooperate sales and group sales and show their different needs and wants
What group are all organisms capable of fixing nitrogen?
Plantae.
what are 2 ways i which member of a social group may cooperate in the community?
by helping and cloning
Group of company or companies is correct?
Group of companies is grammatically correct.
What is the legal status for a group of companies?
The legal status for a group of companies is that it is called a corporate group.
What is a group of nations from all over the world that cooperate on issues that they agree are important?
United Nations
