Which of the Following Best Describes a Fault

question 10

Multiple Choice

Which of the following best describes a fault?

• A) giant gap or canyon at the Earth's surface
• B) cave or large hole hidden under the ground
• C) where the continent meets the ocean
• D) giant underground chamber usually filled with magma
• E) fractured rock that has been displaced, i.e., rocks on one side of the fracture have moved relative to the other side

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Definitions:

Collude

To come to a secret understanding for a harmful purpose; conspiracy between firms to fix prices or otherwise restrict competition.

Tacit Collusion

A situation where firms in a market understand each other's behaviors and outcomes without direct communication, leading to a form of non-competitive equilibrium.

Antitrust Laws

Legislation enacted to prevent new monopolies from forming and police those that already exist to protect consumers and ensure fair competition in the marketplace.

Predatory Pricing

A strategy where a company sets very low prices to eliminate competition and establish a monopoly in the market.