You Are Given the Following Information About an Oligopolistic Industry

question 41

Multiple Choice

You are given the following information about an oligopolistic industry: Which combination of these features is likely to encourage collusion between the firms in the industry?

• A) (i), (ii) and (iii)
• B) (i) and (ii)
• C) (ii) and (iii)
• D) (i) and (iii)

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Definitions:

Tort Claims

Legal actions based on civil wrongs that cause someone to suffer loss or harm resulting in legal liability for the person who commits the tortious act.

Retaliation

Act of taking revenge or responding with similar negative actions towards someone who has caused harm.

Double Taxation

The imposition of taxes on the same income, asset, or financial transaction at two different levels of government, such as both state and federal taxes on the same income.

S Corporation

A special designation for a corporation that allows income, losses, deductions, and credits to be passed through to shareholders for tax purposes.