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Interviews can be carried out:
Administered Prices
Prices that are set by the company rather than determined by market demand and supply conditions; often found in less competitive markets.
Cartel
An association of independent businesses or countries agreeing to coordinate their production and pricing to monopolize a market or maximize profits.
Cutthroat Competition
Cutthroat competition describes an extremely competitive market situation where participants engage in aggressive price-cutting and other practices to gain market share.
Collusion
A secret or illegal cooperation or conspiracy, especially between parties to deceive or defraud others.
Q3: It is often the case that the
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