Tacit Cooperation Is Only a Viable Strategy When

question 20

Multiple Choice

Tacit cooperation is only a viable strategy when

• A) an industry is perfectly competitive.
• B) an industry is heterogeneous with respect to the products it sells and their cost structure.
• C) there is a strong market share leader in the industry.
• D) there are low entry barriers in the industry.

---

Definitions:

Groundless Thinking

The process of making conclusions or decisions based on no evidence or rational basis.

Selective Observation

The process of focusing attention on certain aspects of the environment while ignoring others, often influenced by existing beliefs and biases.

Casual Observation

An informal method of gathering information or data without any structured procedure, often based on spontaneous or unplanned observation of events or behaviors.

Mystification

A process by which the true nature of a social situation or relation is obscured, making it difficult for those involved to understand it or challenge the status quo.