A Process by Which Oligopolists Coordinate Their Behavior Without Resorting

question 67

Multiple Choice

A process by which oligopolists coordinate their behavior without resorting to outright collusion is called price

• A) discrimination.
• B) escalation.
• C) stabilization.
• D) reform.
• E) leadership.

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Definitions:

Five-Point Scale

A rating system that measures opinions, experiences, or responses using five distinct options typically ranging from very low to very high.

Cumulative

Describes something that increases or accumulates over time.

Guttman Scale

A scale that contains either favourable or unfavourable statements arranged hierarchically. Agreement with a strong statement implies agreement with weaker ones; disagreement with a weak one implies disagreement with stronger ones.

Cumulative Items

The accumulation or sum of items over a period.