If There Are Many Firms in an Industry,there Is Little

question 46

True/False

If there are many firms in an industry,there is little incentive for firms to engage in tacit collusion because a smaller proportion of the units of the product sold are affected by the price effect if a firm increases output.

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Definitions:

Memory Loss

Memory loss is the inability to recall or retain information; it can be temporary or permanent and can result from various causes, including disease, injury, or psychological trauma.

Personality Traits

Enduring characteristics that describe an individual's behavior, attitude, and emotions.

Experience of Stress

The physical or psychological response to internal or external pressures or demands.

Type A Personality

characterizes individuals who are competitive, highly organized, ambitious, impatient, highly aware of time management, and potentially aggressive.