Oligopolies in the United States rarely engage in explicit collusion because
A) it leads to lower profits
B) firms are very wary of each other in this type of market
C) they may have different dominant strategies
D) it is illegal
E) dominant strategies may not exist
Correct Answer:
Verified
Q149: Firms will have a greater incentive to
Q150: Q151: The influence of technological change on market Q152: U.S.antitrust enforcement policies have focused on Q153: New technologies may reduce oligopoly power by Q155: Cartels frequently break down in the long Q156: Price leadership Q157: In the United States,price-fixing cartels are Q158: Antitrust policies usually focus on encouraging cost-efficient Q159: After much success during the 1970s,the OPEC
A)breaking up
A)increasing
A)is a form of explicit collusion
B)works
A)ubiquitous
B)nonexistent
C)generally illegal
D)discouraged
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