When Firms Follow Each Other's Lead to Reduce the Level

question 63

Multiple Choice

When firms follow each other's lead to reduce the level of competition such as GE and Westinghouse did in steam turbines,it is referred to as

• A) explicit collusion.
• B) a strategic alliance.
• C) a mutual service consortium.
• D) conscious parallelism.
• E) partnering.

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Definitions:

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