Collusive arrangements are more viable if the competition is like a game that is played

Question

Quizplus · Accepted Answer

Collusive arrangements are more likely to succeed if there is repeated competition as the firms can enforce the agreement over time and monitor each other's compliance with the arrangement. In a one-time competition, there is no guarantee that the firms will stick to the agreement, and in a market with no competition, there is no need for collusion.

Collusive Arrangements Are More Viable If the Competition Is Like