Multiple Choice
Three major means of collusion by oligopolists are
A) cartels, informal understandings, and price leadership.
B) market sharing, mutual interdependence, and product differentiation.
C) cartels, kinked-demand pricing, and product differentiation.
D) informal understandings, P = MC pricing, and mutual interdependence.
Correct Answer:
Verified
Correct Answer:
Verified
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