Collusion refers to a situation where a. rivals agree to lower price as much as possible.

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Collusion refers to a situation where

a. rivals agree to lower price as much as possible.

b. rivals refuse to deal with each other.

c. rivals agree not to reduce prices.

d. rivals form an organization to help with advertising.

e. rivals merge to become one big firm.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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