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Tiger Woods came back in the final 18 holes of the 2000 AT T Pebble Beach National Pro-Am golf tournament to overtake the leader, Matt Gogel. Refer to the graph below. (In golf, the player with the score that is the farthest under par is the winner.)
At the beginning of the final round, by how many strokes did Gogel lead Woods?
__________ strokes What was the largest lead that Gogel had over Woods in the final round?
__________ strokes On what hole did Woods tie up the match?
__________ th On what hole did Woods take the lead?
__________ th
Tacit Collusion
A situation where businesses indirectly coordinate actions without explicit agreement, often leading to market prices above competitive levels.
Few Firms
A market situation typically characterized by an oligopoly, where a small number of companies possess the majority of market share.
Tacit Collusion
An unwritten, unspoken understanding among competitors to set prices or production levels to avoid direct competition.
Formal Agreement
A legally binding contract or arrangement between two or more parties, often documented and enforceable by law.
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