-Collusion Results When a Group of Firms I

Multiple Choice

-Collusion results when a group of firms i. act separately to limit output, lower prices, and decrease economic profits.
Ii) act together to limit output, raise prices, and increase economic profits.
Iii) in Australia legally fix prices.

A) i only
B) ii only
C) iii only
D) i and iii
E) ii and iii