In an oligopolistic market, competing firms monitor each other's behavior and coordinate their prices and output without any formal agreement or direct communication. What sort of collusion is this?
A
Overt collusion
B
Explicit collusion
C
Tacit collusion
D
Perfect collusion
Markscheme
Oligopoly Questions
20 exam-style questions on OCR A Level Economics Oligopoly. Each one has a worked solution and a mark scheme showing where the marks go.