Multiple Choice
Overt collusion exists if:
A) firms agree openly on price and output and they jointly make other decisions aimed at achieving monopoly profits.
B) smaller firms in an industry tacitly agree to charge the same price as the largest firm.
C) competition among a large number of small firms generates a stable market price.
D) competition among a large number of small firms generates similar but slightly different prices.
Correct Answer:
Verified
Correct Answer:
Verified
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