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    Microeconomics Study Set 25
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    Exam 14: Oligopoly
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    When Firms in a Particular Industry Informally Agree to Charge
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When Firms in a Particular Industry Informally Agree to Charge

Question 209

Question 209

Multiple Choice

When firms in a particular industry informally agree to charge the same price as the largest firm in that industry,it is called:


A) satisfying.
B) price extortion.
C) overt collusion.
D) tacit collusion.

Correct Answer:

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