Collusion between two firms occurs when

A) announce that each will match its rival's market price.
B) firms explicitly or implicitly agree to adopt a uniform business strategy.
C) the firms independently pursue strategies that could hurt each other.
D) firms act altruistically to bring about the economically efficient outcome.

B

Economics

You might also like to view...

The income elasticity of a necessity is between zero and one.

a. true b. false

Economics

The marginal cost of pollution abatement is represented by

A) an upward sloping curve. B) a downward sloping curve. C) a horizontal curve. D) a vertical curve.

Economics