Question: Tacit collusion is most effective when the industry does not have a firm that acts as a price leader. involves direct communication among competing firms.

Tacit collusion is most effective when the industry does not have a firm that acts as a price leader. involves direct communication among competing firms. is seen with conscious parallelism as practiced by GE and Westinghouse in the pricing of turbine engines. is not illegal. is most likely to be successful if there are many competitors

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