For ten points, name this action wherein a company conspires with others to increase their profits by raising or lowering the namesake quantity.
This act is differentiated from a type of leadership, also known as tacit collusion, but similar to a type of gouging, that occurs during times of extreme emergency. This action that involves market power creates a reduction of consumer surplus by annexing it on to profit. A specific form of it is bid rigging, wherein the transaction sale is predetermined. For ten points, name this action wherein a company conspires with others to increase their profits by raising or lowering the namesake quantity.
This act is differentiated from a type of leadership, also known as tacit collusion, but similar to a type of gouging, that occurs during times of extreme emergency.
{price} fixing