If the Only Two Firms in an Industry Openly Agree

question 188

Multiple Choice

If the only two firms in an industry openly agree to fix the price at a given level, then this is an example of:

• A) overt collusion.
• B) price leadership.
• C) contestability.
• D) tacit collusion.

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Definitions:

Soft Tissue Injury

Damage to muscles, ligaments, and tendons as a result of trauma or overuse.

Thermometer

A device used to measure temperature.

Perspiring

The process of sweating, a natural way for the body to regulate its temperature.

Oral Temperature

The body temperature as measured in the mouth with a thermometer, reflecting the core body temperature and used in assessing health status.