An example of overt collusion is
A)a cartel.
B)price leadership.
C)tacit collusion.
D)a perfectly contestable market.

Question

Quizplus · Accepted Answer

Overt collusion refers to an explicit agreement among firms to coordinate their actions and manipulate prices or output levels for their mutual benefit. A cartel is considered the classic example of overt collusion, where competing firms join together to restrict output and increase prices, effectively acting as a monopolist. The other options mentioned do not involve explicit coordination or agreement among firms.

An Example of Overt Collusion Is