Tacit Collusion Is Most Likely to Occur If There Are

question 168

True/False

Tacit collusion is most likely to occur if there are only a few firms in the industry.

---

Definitions:

Agreeableness

A personality trait characterized by warmth, kindness, and a willingness to cooperate and get along with others.

Diffusion of Responsibility

A psychological phenomenon in which individuals in a group are less likely to take action or feel responsible because the presence of others is seen to dilute personal responsibility.

Just World Hypothesis

The belief that the world is fundamentally fair, leading people to rationalize an undeserved, bad outcome as deserved.

Moral Foundation Theory

A social psychological theory that describes the origins of human moral reasoning on the basis of innate, modular foundations.