Implicit collusion, where players do NOT have an explicit agreement,
A)is strictly prohibited under antitrust laws.
B)is not strictly prohibited under antitrust laws.
C)results in cheating.
D)maximizes total surplus in the market.

Question

Quizplus · Accepted Answer

Implicit collusion is not strictly prohibited under antitrust laws, as it is difficult to prove and can often be disguised as independent decision-making. However, it can still have negative effects on competition and consumer welfare.

Implicit Collusion, Where Players Do NOT Have an Explicit Agreement