Sub: Economics Topic: Micro Economics
Question:
A brief description of some non-legal “obstacles” that might prevent a collusive
behavior agreement from being formed.
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Identify and describe two (2) non-legal “obstacles” that might prevent a collusive behavior
agreement from being formed or working well in a market.
Solution:
Identify and describe two (2) non-legal “obstacles” that might prevent a collusive behavior
agreement from being formed or working well in a market.
The following are the important non legal obstacles
Demand and cost differences
Number of firms
Cheating
Recession
Potential entry
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