Which of the following best expresses the attitude toward competition of a firm engaged in tacit collusion with its rivals?
A)A rolling stone gathers no moss.
B)Waste not, want not.
C)Do unto others as you would have them do unto you.
D)Ask, and ye shall receive.

Question

Quizplus · Accepted Answer

Tacit collusion involves an understanding among competitors to avoid certain competitive behaviors, like undercutting each other on price, without explicit agreement. Choice C, "Do unto others as you would have them do unto you," best captures this attitude of mutual respect and non-aggression, implying that firms expect their rivals to behave in a cooperative manner just as they do.

Which of the Following Best Expresses the Attitude Toward Competition