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wrote...
Posts: 253
A month ago
Relative to explicit price fixing, with implicit price fixing:

▸ consumers will pay higher prices.

▸ firms will find it more difficult to figure out why the price leader has set the price that it has.

▸ the reasons for the price leader's pricing strategy will be more clear and less ambiguous.

▸ firms face a higher risk of prosecution for antitrust violations.
Textbook 

Microeconomics: Principles, Applications, and Tools

Edition: 8th
Authors:
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Answer verified by a subject expert
wrote...
Posts: 239
A month ago
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firms will find it more difficult to figure out why the price leader has set the price that it has.
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wrote...
A month ago
Appreciate the effort, thank you!
wrote...
A month ago
You're very welcome ... please mark the topic solved when you get a chance
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