Collusion can take one of two forms,________ collusion or ________ collusion.
A)strategic; non-strategic
B)explicit; tacit
C)market; product
D)intra-industry; inter-industry

Question

Quizplus · Accepted Answer

Collusion can either be explicit (i.e. when firms directly coordinate with each other to fix prices or limit output) or tacit (i.e. when firms indirectly coordinate with each other by following each other's pricing and production behaviors). The other answer choices do not accurately describe the two forms of collusion.

Collusion Can Take One of Two Forms,________ Collusion or ________

Collusion Can Take One of Two Forms, Collusion or