Explicit and tacit collusions are the two types of collusion strategies.

Name: Explicit and tacit collusions are the two types of collusion strategies.
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Quizplus · Accepted Answer

This statement is true. Explicit collusion refers to situations where firms directly communicate and coordinate to manipulate prices or output, while tacit collusion refers to situations where firms use subtle signals and signals to achieve the same goal without direct communication.

Explicit and Tacit Collusions Are the Two Types of Collusion