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Christie's and Sotheby's both have a dominant place in the auction market and have both become more aggressive about increasing the commissions that buyers must
Christie's and Sotheby's both have a dominant place in the auction market and have both become more aggressive about increasing the commissions that buyers must pay without any kind of agreement between them to do so. This is an example of Question 3 options: Exchange Rigging Tacit collusion Explicit collusion Monopoly
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