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Tacit Collusion Is Most Likely to Occur If There Are

question 168

True/False

Tacit collusion is most likely to occur if there are only a few firms in the industry.


Definitions:

Unilateral Discharge

When one party ends an agreement or contract without the need for permission from or negotiation with the other party.

Discharged

Released from an obligation, duty, or debt; in employment, it can also mean being fired or let go from a job.

Modified

Altered or changed from the original form, structure, or condition.

Terminate

To bring to an end; in legal contexts, it often refers to ending a contract or employment.

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