Which of the Following Is (Are) True

question 222

Multiple Choice

Which of the following is (are) true?

• A) It is difficult to determine how much tacit collusion exists in a particular industry.
• B) It is often seen that prices of firms in perfect competition are different.
• C) The fact that one firm changes its price shortly after another firm is proof of tacit collusion.
• D) A and B are true.

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Definitions:

Standard Reply

A routine or expected response to a common question or situation.

Post-Separation

The period or condition following the end of a relationship or partnership.

Language Code

A set of rules or symbols used for communication through writing, speaking, or other means.

Nonverbal Cues

Body language and other physical behaviors that communicate feelings and intentions without words.