Which Statement Is TRUE

question 266

Multiple Choice

Which statement is TRUE?

• A) Once an industry has achieved tacit collusion,producers have an incentive to raise prices.
• B) Tacit collusion is legal in Canada.
• C) The fact that one firm changes its price shortly after another firm does is proof of tacit collusion.
• D) It is difficult to determine how much tacit collusion exists in a particular industry;hence,tacit collusion remains hard to prosecute in Canada.

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