When firms in an oligopoly collude without an explicit agreement, economists say they are involved in...
When firms in an oligopoly collude without an explicit agreement, economists say they are involved in ________ collusion. illegal tacit game theoretic predatory marginal
Homework Answers
Ans.- Tacit collusion
Tacit collusion is unspoken actions between oligopolistic firms that are likely to minimise a competitive response. For example, two firms may decide to avoid price cutting or not attacking each other’s market share.
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When firms in an oligopoly collude without an explicit
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