Which of the Following Increases the Likelihood That a Group

question 229

Multiple Choice

Which of the following increases the likelihood that a group of sellers can increase profits as the result of collusion?

• A) the presence of a large number of firms in the industry
• B) intense quality competition among firms
• C) low barriers to entry into the industry
• D) a stable demand for the product

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Definitions:

Dependent Variable

A variable in an experiment that is expected to change in response to changes in the independent variable.

Experimental Effect

The impact that the experimental manipulation has on the dependent variable in the context of a research study.

Representative Sample

Randomly selected sample of subjects from a larger population of subjects.

Survey Research

Survey research involves collecting information from a sample of individuals through their responses to questions.