Tactic Collusion Occurs When Firms

question 208

Multiple Choice

Tactic collusion occurs when firms:

• A) meet and decide on their collusion tactics.
• B) limit competition with one another but they do so without explicit agreement or communication.
• C) meet and play the prisoner's dilemma just once.
• D) cheat rather than cooperate.

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Definitions:

Knowledge

In criminal law, the awareness that a particular result will probably occur.

Battery

The unlawful physical acting upon a threat, characterized by the use of force against another, resulting in harmful or offensive contact.

Aggravated Menacing

is a criminal offense that involves threatening harm to another individual with the intent to cause fear or harm, in a manner more severe than simple menacing.

Violence

The use of physical force with the intent to injure, damage, or kill.