In Which of the Following Situations Does Overt Collusion Exist

question 94

Multiple Choice

In which of the following situations does overt collusion exist?

• A)Smaller firms in an industry have an unspoken agreement to charge the same price as the largest firm.
• B)Firms in an industry agree openly on price and output, and they jointly make other decisions aimed at achieving monopoly profits.
• C)Competition among a large number of small firms generates similar but slightly different prices.
• D)Competition among a large number of small firms generates a stable market price.

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