Tacit collusion occurs when price- and quantity-fixing agreements among producers
A) are implicit.
B) are explicit.
C) are nonexistent.
D) are legal.

Name: Tacit collusion occurs when price- and quantity-fixing agreements among producers A) are implicit. B) are explicit. C) are nonexistent. D) are legal.
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Question

Quizplus · Accepted Answer

Tacit collusion refers to an understanding among competitors to fix prices or limit production without explicit agreement or communication, hence it is implicit.

Tacit Collusion Occurs When Price- and Quantity-Fixing Agreements Among Producers