Collusion

question 250

Multiple Choice

Collusion

• A)is rampant in perfect competition as all firms charge the same price.
• B)reduces market concentration in an industry.
• C)among firms is difficult to maintain because it eliminates long-run economic profit.
• D)is more difficult when there are many firms producing differentiated products in an industry.

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Definitions:

Search Warrant

A legal document authorizing a police officer or other official to enter and search premises.

Strict Scrutiny

The most exacting standard of review used by the courts in determining the constitutionality of a statute; requires a compelling government interest and the least restrictive means of attaining that objective.

Fourth Amendment

A provision in the U.S. Constitution that protects individuals from unreasonable searches and seizures by the government.

Procedural Due Process

The requirement that a government must use fair procedures before depriving a person of his or her life, liberty, or property.