Fitnit and Fittin' are firms engaging in explicit collusion when they indirectly coordinate actions by signaling their intention to reduce output and maintain pricing above competitive levels.
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Q2: A low degree of market commonality suggests
Q3: Cartels are often labeled as anticompetitive and
Q4: Tacit collusions typically lead to a cartel
Q5: Price leader is a firm that sets
Q6: Cartel is an output- and price-fixing entity
Q7: Mutual forbearance refers to retaliatory attacks on
Q8: Market commonality refers to the degree of
Q9: Competitive dynamics are the actions and responses
Q10: Prisoners' dilemma is a type of game
Q11: The price leader in a market possesses
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