If Happy Campers is in tacit collusion with four smaller camping firms and Happy Campers consistently makes price changes that the other four firms then also make, this is an example of________ by Happy Campers.

Question

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This is an example of price leadership, where Happy Campers sets the price and the other firms follow suit, rather than independent decision-making. This can be a form of tacit collusion, where firms coordinate their behavior without explicit communication or agreement. However, it is not a precommitment (A), meet-the-competition clause (B), or meet-or-release clause (D).

If Happy Campers Is in Tacit Collusion with Four Smaller