Discussion Questions: LWB of your classmates with a minimum of 50 words that contribute substantially 1. The chapter discussed that some firms choose to compete and others choose to cooperate. a. Why would a firm choose to compete over cooperating? b. Why would a firm choose to cooperate over competing? 2. Based on the information provided in the chapter and lecture video, explain the differences between tacit collusion and explicit collusion. 3. The chapter discussed the formal institutions that govern domestic and international competition. a. Why is it necessary for competition to be regulated by governments? Explain. b. Who would suffer the most if competition was not regulated? Explain. 4. According to the chapter, what are the arguments in the debate of competition versus antidumping? What is your perspective on the debate? Explain. 5. According to the chapter, what are the arguments in the debate of competition strategy versus antitrust policy? What is your perspective on the debate? Explain. Search entries or author Unread E EX B