Which of the Following Are Conditions for Successful Collusion? 1

Multiple Choice

Which of the following are conditions for successful collusion? 1.There are few firms in the industry.
2) Secret price cutting by individual members is detectable and punishable.
3) There exists a Nash equilibrium prior to the formation of a cartel.

A) All of these conditions.
B) Conditions 1 and 2 only.
C) Conditions 2 and 3 only.
D) Conditions 1 and 3 only.
E) Condition 2 only.