Business, 09.12.2021 19:10 Chatoloko231
Overt collusion exists if:
a competition among a large number of small firms generates similar, but slightly different, prices.
b smaller firms in an industry learn to charge the same price as the largest firm.
c firms agree openly on price, output, and other decisions aimed at achieving monopoly profits.
d the government regulates an industry such that firms must charge a price equal to marginal cost.
e competition among a large number of small firms generates a stable market price.
Answers: 1
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Overt collusion exists if:
a competition among a large number of small firms generates similar, b...
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