Which of the following is the best example of tacit collusion?

Question

Quizplus · Accepted Answer

Price leadership is the best example of tacit collusion because it involves a dominant firm setting the price for the industry and other firms following suit without any explicit agreement or communication. This behavior can lead to higher prices for consumers and reduced competition, but it is difficult to prove and illegal action. Cartels, predatory pricing, and noncooperative pricing behavior all involve more explicit or overt forms of collusion.

Which of the Following Is the Best Example of Tacit