An attempt by a firm to convince buyers that its product is different from the products of other firms in the industry is tacit collusion.
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Q221: The effect of product differentiation is to
Q223: Price leadership is an attempt by a
Q224: An attempt by a firm to convince
Q225: Tacit collusion is likely to occur when
Q226: The pattern of behavior in which one
Q227: Advertising is an example of price leadership.
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