If rival solar roof panel manufacturers in Reno limit production and _____ prices in a way that increases their profits without meeting with one another in a formal way,they are engaging in _____ collusion.

Question

Quizplus · Accepted Answer

If the rival solar roof panel manufacturers limit production and raise prices without meeting formally, they are engaging in tacit collusion. Limiting production and raising prices would benefit both companies, but they are not directly communicating or making any agreements to do so. This is known as tacit collusion.

If Rival Solar Roof Panel Manufacturers in Reno Limit Production