Overt Collusion Exists If

question 136

Multiple Choice

Overt collusion exists if:

• A) firms agree openly on price, output, and other decisions aimed at achieving monopoly profits.
• B) smaller firms in an industry tacitly agree to charge the same price as the largest firm.
• C) competition among a large number of small firms generates a stable market price.
• D) competition among a large number of small firms generates similar, but slightly different, prices.

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