If There Are Many Firms in an Industry,there Is Little

question 46

True/False

If there are many firms in an industry,there is little incentive for firms to engage in tacit collusion because a smaller proportion of the units of the product sold are affected by the price effect if a firm increases output.

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Definitions:

Polar Covalent

A type of chemical bond where electrons are unequally shared between atoms, resulting in partial electrical charges.

Nonpolar Covalent

A type of chemical bond where two atoms share a pair of electrons equally, typically between atoms of similar electronegativity.

Negatively Charged

describes an object or particle that has more electrons than protons, resulting in a net negative electric charge.

Synthesis Reaction

A chemical reaction in which two or more substances combine to form a more complex product.