________ collusion is illegal in most developed countries.
A)Any
B)Explicit
C)Tacit
D)Strategic

Question

Quizplus · Accepted Answer

Explicit collusion refers to an agreement between firms to explicitly fix prices, allocate markets, or restrict output. This type of collusion is illegal in most developed countries as it violates competition laws. Tacit and strategic collusion involve implicit or indirect coordination between firms and may be difficult to prove as illegal. "Any" is not a type of collusion.

________ Collusion Is Illegal in Most Developed Countries