Would Collusion Be More Likely in the Shoe Industry or in the Airline

question 59

Essay

Would collusion be more likely in the shoe industry or in the airline industry?
Why?

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Definitions:

Rate

The specified frequency at which an event occurs or a quantity changes over time or per unit.

Decimal Places

The number of digits to the right of the decimal point in a number, indicating its precision.

Percents

A mathematical expression, indicating a part of a whole as so many hundredths.

Decimals

Numerical digits that represent fractions of ten, used to express numbers less than one or to provide precision in numerical representations.