Collusion in Economics: Definition & Examples


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question 1 of 3

Which one is not associated with the definition of collusion?

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1. Setting prices to gain an advantage is the definition of what?

2. A leading firm that advertises their prices before other firms is considered what?

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About This Quiz & Worksheet

This combination quiz and worksheet will help to ensure your understanding of collusion in economics. You'll be tested on what collusion means and various aspects of collusion.

Quiz & Worksheet Goals

These assessment tools will quiz you on:

  • What is involved in collusion
  • Setting prices to gain a market advantage
  • A leading firm's advertising prices before other firms
  • Purpose of collusion

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related economics lesson
  • Information recall - access the knowledge you've gained regarding what is involved in collusion
  • Knowledge application - use your knowledge to answer questions about types of collusion

Additional Learning

To ensure your understanding of concepts related to collusion, go over the corresponding lesson, Collusion in Economics: Definition & Examples. The lesson highlights the following objectives:

  • Define collusion
  • Describe the legal issues involved in collusion
  • Learn about which collusion practice may be considered legal
  • Review real-world examples of collusion