Question: Explain the differences between tacit and explicit collusion. Describe the five factors that make an industry particularly conducive to collusion. Some countries competition and antitrust

  1. Explain the differences between tacit and explicit collusion.

  2. Describe the five factors that make an industry particularly conducive to collusion.

  3. Some countries competition and antitrust policies are pro-competition and pro-consumer, whereas other countries policies are pro-incumbent and pro-producer. How do they differ?

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