The most competitive industry is one that has

A) price leadership.
B) open collusion.
C) covert collusion.
D) a cartel.

Price Leadership

Strategy where the leading firm in an industry sets the price of goods or services, which other firms in the market then follow or undercut.

Covert Collusion

An indirect or secret agreement among competitors to engage in anti-competitive behaviors, such as price-setting, that is not openly acknowledged or visible to regulatory authorities or the public.