Collusion Is Easier to Achieve and Maintain in Oligopoly When

question 135

Multiple Choice

Collusion is easier to achieve and maintain in oligopoly when

• A)there are many firms in the industry
• B)the firms' products are homogeneous
• C)the firms' cost structures are very different
• D)there are very weak barriers to entry
• E)the industry is located in the United States

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Definitions:

Perceptions

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.

Unconditional Positive Regard

The acceptance of individuals as worthy and valuable regardless of their behavior, usually applied to parental acceptance of children.

Internal Locus

The belief that one’s actions are primarily guided by personal decisions and efforts rather than by external forces.

Internal Locus

A belief system where an individual attributes their successes and failures to their own actions and decisions.