a. Identify the following scenarios as examples of collusion or competition ? 1. 3 major companies make up the game console marker and agree to all raise prices ? competitors 2. GolfPro shop lowers their price to take customers away from their ? 3. Horion, a phone service company invests heavily in new technology to improve and gain customers A. Collusion B. Competition b. Oligopolies have an incentive to collude because A. They can increase proft B. competition can be harmful O C. US laws promote collusion