Unstable _____ Lack All Three Workgroup Criteria: Close Working Relationships

question 36

Short Answer

Unstable _____ lack all three workgroup criteria: close working relationships, shared values, and reasons to cooperate.

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Definitions:

Duopolists

Two firms that dominate a market or industry, competing directly with each other.

Collude

To secretly agree with others, typically competitors, to cooperate for an illegal or deceitful purpose, such as fixing prices.

Cheating

Dishonest behavior or attempting to gain an unfair advantage in a competitive situation.

Marginal Cost

The advancement in overall fees incurred by producing an extra unit of a good or service.