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apadong apadong
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6 years ago
Tacit collusion
A) occurs when firms engage in formal agreements to reduce output and increase prices in their industry.
B) is legal under the U.S. antitrust laws.
C) is more likely to effectively raise prices in the industry when demand is elastic.
D) is more likely to be successful in increasing industry profits when there are a few, similar firms in the industry.
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Akshtsaklani21Akshtsaklani21
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6 years ago
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apadong Author
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#2
6 years ago
Correct Slight Smile
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