Asphalt firms between 2005 and 2007 in Kentucky are an example of tactic collusion.

Question

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Asphalt firms in Kentucky were found guilty of engaging in collusion between 2005 and 2007. They were accused of agreeing to fix prices, allocate markets, and rig bids to eliminate competition. This is a classic example of tacit collusion, where firms may not directly communicate, but their actions indicate a common understanding to limit competition and raise prices.

Asphalt Firms Between 2005 and 2007 in Kentucky Are an Example