Asked by

Jennifer Germana
on Dec 19, 2024

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Secret conspiracies to fix prices are examples of

A) cartels.
B) price leadership.
C) overt collusion.
D) covert collusion.

Covert Collusion

A form of collusion that occurs in secret or is hidden, where competing firms in an industry agree to control prices or market shares without public knowledge.

Secret Conspiracies

Covert plans made by a group with the intent to do something unlawful or harmful, often in a political context.

Price Leadership

Price leadership occurs when a leading firm in an industry sets the price of goods or services, and other firms in the market follow suit, often seen in oligopolistic markets.

  • Study the movements and ramifications of oligopolistic market strategies, specifically referring to cartels, price leadership, and collusion.
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KM
Kania MasonDec 23, 2024
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