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Natalie Gonzalez
on Oct 27, 2024

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Tacit collusion is relatively easy for oligopolists if:

A) they are producing many different products.
B) there are only a few firms in the industry.
C) they are selling their product to only a few large buyers.
D) barriers to entry into the industry are low.

Tacit Collusion

A situation where businesses indirectly coordinate actions without explicit agreement, often leading to market prices above competitive levels.

Few Firms

A market situation typically characterized by an oligopoly, where a small number of companies possess the majority of market share.

  • Examine the impact of explicit and implicit collusion on market results and pricing policies.
  • Determine the elements that contribute to the complexity or simplicity of collusion within an oligopoly framework.
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JK
Jermaine KershnerOct 27, 2024
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