Reduction of competition can be accomplished through all of the following EXCEPT:
A) comparative pricing.
B) explicit collusion.
C) tacit collusion.
D) mutual forbearance.

Question

Quizplus · Accepted Answer

Comparative pricing is a strategy utilized by competitors to compete against each other by lowering prices to attract more customers. This does not reduce competition but rather enhances it by allowing consumers to have more options to choose from. Explicit collusion, tacit collusion, and mutual forbearance all involve actions taken by competitors to reduce competition. Explicit collusion involves competitors reaching an agreement to work together to reduce competition, tacit collusion involves competitors acting in a way that reduces competition without any formal agreement, and mutual forbearance involves competitors refraining from competing in each other's markets.

Reduction of Competition Can Be Accomplished Through All of the Following