Nonprice competition is more prevalent in an oligopoly when there is/are:
A)a Nash equilibrium.
B)complex products.
C)tacit collusion.
D)no product differentiations.

Question

Quizplus · Accepted Answer

Tacit collusion is an agreement among firms to limit competition without explicitly communicating with each other. This can be done through nonprice competition, such as advertising, product differentiation, or research and development.

Nonprice Competition Is More Prevalent in an Oligopoly When There