________ collusion exists when firms cooperate in reducing competition,but engage in no face to face negotiations to do so.
A)Explicit
B)Strategic
C)Intra-industry
D)Tacit

Question

Quizplus · Accepted Answer

Tacit collusion refers to a situation in which firms indirectly coordinate their actions and reduce competition without having any direct communication or agreement. This may occur through observable behavior, such as following a leader's pricing strategy or mutual understanding of market conditions.

________ Collusion Exists When Firms Cooperate in Reducing Competition,but Engage