An Agreement Between Two or More Firms to Collude in Order

question 52

Multiple Choice

An agreement between two or more firms to collude in order to establish a price and not to compete on the basis of price is:

• A) price-fixing.
• B) output control.
• C) market sharing.
• D) coercion.

---

Definitions:

Attribution Theory

A theory that focuses on how individuals interpret events and how this relates to their thinking and behavior.

Implicit Personality Theory

The assumption that people make about how different types of personality traits are interconnected, influencing how they perceive others.

Impression Formation

The psychological process by which individuals form opinions or judgments about other people based on initial perceptions and subsequent interactions.

Direct Perception Checking

A communication technique where one seeks clarification about another's words or actions directly from the source to avoid misunderstandings.