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D-john D-john
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4 years 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

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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sadeensadeen
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4 years ago
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D-john Author
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#2
4 years ago
Appreciate the effort, thank you!
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