If competitors act in concert but without an explicit agreement,they are engaged in
A)a tying arrangement.
B)monopolization.
C)reciprocal dealing.
D)conscious parallelism.

Question

Quizplus · Accepted Answer

The behavior of competitors acting in parallel without an explicit agreement is referred to as conscious parallelism. This can lead to antitrust concerns if it results in collusion or the creation of a monopoly. Tying arrangements involve a seller requiring a buyer to purchase an additional product or service as a condition of purchasing the first product. Monopolization involves a company using its power to exclude competitors from the market. Reciprocal dealing is an arrangement where two parties agree to do business with each other on specific terms.

If Competitors Act in Concert but Without an Explicit Agreement,they