The Difference Between Explicit and Tacit Collusion Is the Degree

question 132

Multiple Choice

The difference between explicit and tacit collusion is the degree to which

• A)the two firms are alike.
• B)the two firms serve the same markets.
• C)the products of the two firms are alike.
• D)the two firms consult each other.
• E)outside influences affect the firms.

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Definitions:

Online Pricing Algorithms

Computer-based systems and software used by businesses to dynamically set or adjust prices of products and services online based on market demand, competition, and other factors.

Collusive Prices

Price levels that are set as a result of agreement among competitors in a market rather than through competition, which is often illegal.

Microsoft

A multinational technology company known for its software products, including the Windows operating system and the Office suite.

Internet Explorer

A discontinued web browser developed by Microsoft, once dominant but replaced by newer technologies.