Which of the Following Is True

question 41

Multiple Choice

Which of the following is true?

• A)Once an industry has achieved tacit collusion, producers have an incentive to raise prices.
• B)Tacit collusion is legal in the United States.
• C)The fact that one firm changes its price shortly after another firm does is proof of tacit collusion.
• D)It is difficult to determine how much tacit collusion exists in a particular industry; hence tacit collusion remains hard to prosecute in the United States.

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Definitions:

Resource Inputs

Resources or materials used in the production of goods and services.

Organizational Outputs

The results, products, or services generated by an organization through its operations and activities.

Technology

The application of scientific knowledge for practical purposes, especially in industry, through the creation and use of technical means and their interrelation with life, society, and the environment.

Self-Improvement

refers to the process of seeking to better oneself through activities that improve knowledge, skills, and personal development.