In Which of the Following Situations Does Overt Collusion Take

question 57

Multiple Choice

In which of the following situations does overt collusion take place?

• 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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