________ collusion exists when firms in an industry directly negotiate agreements about how to reduce competition.
A)Explicit
B)Strategic
C)Intra-industry
D)Tacit

Question

Quizplus · Accepted Answer

Explicit collusion refers to direct and open agreements between rival firms to eliminate or reduce competition in the market. This can include price-fixing or market sharing agreements, and is illegal under antitrust laws.

________ Collusion Exists When Firms in an Industry Directly Negotiate