Collusion Occurs When

question 122

Multiple Choice

Collusion occurs when

• A) a firm chooses a level of output to maximise its own profit.
• B) two firms' price and output decisions come into conflict.
• C) there is an agreement among firms to charge the same price or otherwise not to compete.
• D) firms refuse to follow their price leaders.

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Definitions:

Attribution Theory

A theory focused on how individuals interpret and assign causes to others' behavior and their own.

Dispositional Attributions

Explaining someone's behavior by attributing it to their personality or character rather than to external factors.

Situational Factors

Refer to external influences that can impact an individual's behavior and decisions in a given context.

Achievement Attribution

The process of ascribing success or failure to personal or external factors.