Obstacles to Collusion Among Oligopolists Include the Following, Except

question 151

Multiple Choice

Obstacles to collusion among oligopolists include the following, except

• A) demand and costs differences among firms.
• B) long-lasting economic recession and poor industry performance.
• C) potential new entrants into the market.
• D) "gentlemen's agreements" among the firms.

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Definitions:

Counter Currents

Oceanographic phenomena where adjacent slivers of water move in opposite directions, significantly affecting climate and marine life.

Coriolis Effect

The apparent deflection of moving objects, like air or ocean currents, to the right in the northern hemisphere and to the left in the southern hemisphere, due to Earth's rotation.

Gulf Stream

A strong, warm ocean current that originates in the Gulf of Mexico, flowing into the Atlantic Ocean, influencing climate patterns in Europe and North America.

Atlantic Ocean

The second-largest of the world's oceans, bounded by the Americas to the west and Europe and Africa to the east.