Can 2 businesses drive out of business a 3rd one?

Question

can 2 businesses drive out of business a 3rd one by (business 1 and 2) agreeing to lower their prices 80% off? is it legal?

Answer 1

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Answer 2

no-it's collusion

In the study of economics and market competition, collusion takes place within an industry when rival companies cooperate for their mutual benefit. Collusion most often takes place within the market form of oligopoly, where the decision of a few firms to collude can significantly impact the market as a whole. Cartels are a special case of explicit collusion. Collusion which is not overt, on the other hand, is known as tacit collusion.