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  • 27-06-2021
  • Social Studies
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two forms of collusion​

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  • 27-06-2021

Answer:   It is possible to engage in collusion in two ways. When two or more firms in the same industry formally agreed that they would control a particular market, it was termed "explicit collusion." The act of informal, independent co-operation between two or more businesses in the same industry results in implicit collusion.

                         

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