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Explain the difference between a cartel and tacit collusion. Is tacit collusion illegal in the United States? Explain.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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9) Explain the difference between a cartel and tacit collusion. Is tacit collusion illegal in the United States? Explain.

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