Collusion Occurs When

question 37

Multiple Choice

Collusion occurs when

• A)a firm chooses a level of output to maximize its own profit
• B)firms get together to maximize joint profits
• C)firms refuse to follow their price leaders
• D)firms petition their U.S.senators for favors
• E)two firms' price and output decisions come into conflict

---

Definitions:

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Circadian Cycle

A natural, internal process that regulates the sleep-wake cycle and repeats roughly every 24 hours.

Hypothalamus

A small region of the brain located below the thalamus that plays a crucial role in many essential functions, including hormone regulation, temperature control, and hunger.

Altered State

A condition of consciousness that is significantly different from one's normal waking state, often induced by substances, meditation, or hypnosis.