Cooperation between rivals is usually suspected of being:
A)Tacit collusion.
B)Explicit collusion.
C) Socialism.
D) All of the above.

Question

Quizplus · Accepted Answer

Cooperation between rivals is usually suspected of being tacit collusion, which involves a nonverbal agreement between competitors to limit competition and increase profits. Explicit collusion involves a formal agreement between competitors to fix prices or divide markets, while socialism involves state ownership and control of the means of production, which is a different concept altogether.

Cooperation Between Rivals Is Usually Suspected of Being