Which Statement Is TRUE

question 225

Multiple Choice

Which statement is TRUE?

• A)Once an industry has achieved tacit collusion,producers have an incentive to raise prices.
• B)Tacit collusion is legal in the United States.
• C)The fact that one firm changes its price shortly after another firm does is proof of tacit collusion.
• D)It is difficult to determine how much tacit collusion exists in a particular industry;hence,tacit collusion remains hard to prosecute in the United States.

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Definitions:

Perseveration

The repetitive and continuous focus on a single idea, task, or word beyond the point of relevance, often seen in neurological and psychiatric conditions.

Residential Care

A type of living arrangement where individuals receive accommodation and personal care services, typically for the elderly or disabled.

Tactile Hallucinations

Sensory perceptions of touch or movement on the body with no physical cause, often associated with certain mental health conditions.