Tacit Collusion Exists When Firms Coordinate Their Pricing Decisions Not

question 13

True/False

Tacit collusion exists when firms coordinate their pricing decisions not by directly communicating with each other but by exchanging signals with other firms about their intent to cooperate.

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Definitions:

Natural Selection

The process whereby organisms better adapted to their environment tend to survive and produce more offspring.

Genetic Material

Molecules within cells that carry genetic information, primarily DNA or, in some viruses, RNA.

Future Generations

The forthcoming individuals or groups of a species that will exist in the future.

Fitness

Degree of adaptation to an environment, as measured by the individual’s relative genetic contribution to future generations.