Asked by
skylar armstrong
on Dec 12, 2024
Verified
Which of the following increases the likelihood that a group of sellers can increase profits as the result of collusion?
A) the presence of a large number of firms in the industry
B) intense quality competition among firms
C) low barriers to entry into the industry
D) a stable demand for the product
Stable Demand
A market condition where the desire for a product or service remains consistent over a period of time.
Quality Competition
A market scenario where companies compete based on the quality of their offerings rather than on price alone, aiming to attract discerning customers.
- Acquire knowledge about the core aspects and obstacles of collusion between companies in an oligopoly.
Verified Answer
AV
Learning Objectives
- Acquire knowledge about the core aspects and obstacles of collusion between companies in an oligopoly.
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