Explicit collusion is exemplified by:
A) Cartels
B) Trusts
C) Users of game theory
D) All of the above

Question

Quizplus · Accepted Answer

Explicit collusion refers to a situation where firms engage in direct communication and coordination in order to manipulate prices, limit output, or engage in other forms of anticompetitive behavior. Cartels and trusts are classic examples of explicit collusion, as they involve concerted efforts by multiple firms to jointly control market outcomes. Game theory can also be used to model and analyze explicit collusion among firms. Therefore, the correct answer is D, all of the above.

Explicit Collusion Is Exemplified By